Property Information

IN ESCROW
3 Bedroom with LARGE Garage in Dayton, OH!
Dayton, OH 45432
3 Bedroom, 1 Bath, HUGE Garage - Built in 1924
Square Feet1,020
Initial Market Value$94,900
Purchase Price$94,900
Downpayment$23,725
Loan Origination Fees$712
Depreciable Closing Costs$4,745
Other Closing Costs and Fixup$0
Initial Cash Invested$29,182
Cost per Square Foot$93
Monthly Rent per Square Foot$0.93
IncomeMonthlyAnnual
Gross Rent$950$11,400
Vacancy Losses($76)($912)
Operating Income$874$10,488
ExpensesMonthlyAnnual
Property Taxes($87)($1,044)
Insurance($50)($598)
Management Fees($70)($839)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($76)($912)
Other$0$0
Operating Expenses($283)($3,393)
Net PerformanceMonthlyAnnual
Net Operating Income$591$7,095
- Mortgage Payments($415)($4,984)
= Cash Flow$176$2,111
+ Principal Reduction$76$916
+ First-Year Appreciation$475$5,694
= Gross Equity Income$727$8,721
+ Tax Savings$0$0
= GEI w/Tax Savings$727$8,721
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$71,175$0
Monthly Payment$415.36$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate5.750%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.42
Annual Gross Rent Multiplier8
Monthly Gross Rent Multiplier100
Capitalization Rate7.5%
Cash on Cash Return7%
Total Return on Investment30%
Total ROI with Tax Savings30%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage8%
Comments
Fantastic property with huge garage. House features three bedrooms and one bathroom. Super quick access to major highways and close to downtown Dayton.
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.