Property Information

SOLD
Pre-Leased Property
Little Rock, AR 72209
4BR/2BA,Built in 1975
Square Feet1,661
Initial Market Value$109,900
Purchase Price$109,900
Downpayment$27,475
Loan Origination Fees$824
Depreciable Closing Costs$4,396
Other Closing Costs and Fixup$0
Initial Cash Invested$32,695
Cost per Square Foot$66
Monthly Rent per Square Foot$0.66
IncomeMonthlyAnnual
Gross Rent$1,095$13,140
Vacancy Losses($88)($1,051)
Operating Income$1,007$12,089
ExpensesMonthlyAnnual
Property Taxes($92)($1,099)
Insurance($49)($593)
Management Fees($101)($1,209)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($55)($657)
Other$0$0
Operating Expenses($297)($3,558)
Net PerformanceMonthlyAnnual
Net Operating Income$711$8,530
- Mortgage Payments($430)($5,160)
= Cash Flow$281$3,371
+ Principal Reduction$106$1,272
+ First-Year Appreciation$550$6,594
= Gross Equity Income$936$11,237
+ Tax Savings$0$0
= GEI w/Tax Savings$936$11,237
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$82,425$0
Monthly Payment$429.97$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.750%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.65
Annual Gross Rent Multiplier8
Monthly Gross Rent Multiplier100
Capitalization Rate7.8%
Cash on Cash Return10%
Total Return on Investment34%
Total ROI with Tax Savings34%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee10%
Maintenance Percentage5%
Comments
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.