Pre-Leased Property
Little Rock, AR 72209
4BR/2BA,Built in 1975
Square Feet | 1,661 | Initial Market Value | $109,900 | Purchase Price | $109,900 | Downpayment | $27,475 | Loan Origination Fees | $1,855 | Depreciable Closing Costs | $4,396 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $33,726 | Cost per Square Foot | $66 | Monthly Rent per Square Foot | $0.66 |
Income | Monthly | Annual |
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Gross Rent | $1,095 | $13,140 | Vacancy Losses | ($88) | ($1,051) | Operating Income | $1,007 | $12,089 |
Expenses | Monthly | Annual |
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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 Performance | Monthly | Annual |
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Net Operating Income | $711 | $8,530 | - Mortgage Payments | ($548) | ($6,574) | = Cash Flow | $163 | $1,957 | + Principal Reduction | $70 | $839 | + First-Year Appreciation | $550 | $6,594 | = Gross Equity Income | $782 | $9,389 | + Tax Savings | $16 | $193 | = GEI w/Tax Savings | $799 | $9,582 |
| Mortgage Info | First | Second |
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Loan-to-Value Ratio | 75% | 0% | Loan Amount | $82,425 | $0 | Monthly Payment | $547.82 | $0.00 | Loan Type | Amortizing Fixed | | Term | 30 Years | | Interest Rate | 6.990% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
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Debt Coverage Ratio | 1.30 | Annual Gross Rent Multiplier | 8 | Monthly Gross Rent Multiplier | 100 | Capitalization Rate | 7.8% | Cash on Cash Return | 6% | Total Return on Investment | 28% | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 8% | Management Fee | 10% | Maintenance Percentage | 5% | *Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
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