3 Bedroom with LARGE Garage in Dayton, OH!
Dayton, OH 45432
3 Bedroom, 1 Bath, HUGE Garage - Built in 1924
Square Feet | 1,020 | Initial Market Value | $94,900 | Purchase Price | $94,900 | Downpayment | $23,725 | Loan Origination Fees | $1,601 | Depreciable Closing Costs | $4,745 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $30,071 | Cost per Square Foot | $93 | Monthly Rent per Square Foot | $0.93 |
Income | Monthly | Annual |
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Gross Rent | $950 | $11,400 | Vacancy Losses | ($76) | ($912) | Operating Income | $874 | $10,488 |
Expenses | Monthly | Annual |
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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 Performance | Monthly | Annual |
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Net Operating Income | $591 | $7,095 | - Mortgage Payments | ($473) | ($5,677) | = Cash Flow | $118 | $1,419 | + Principal Reduction | $60 | $724 | + First-Year Appreciation | $475 | $5,694 | = Gross Equity Income | $653 | $7,837 | + Tax Savings | $23 | $271 | = GEI w/Tax Savings | $676 | $8,108 |
| Mortgage Info | First | Second |
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Loan-to-Value Ratio | 75% | 0% | Loan Amount | $71,175 | $0 | Monthly Payment | $473.05 | $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 | 1.25 | Annual Gross Rent Multiplier | 8 | Monthly Gross Rent Multiplier | 100 | Capitalization Rate | 7.5% | Cash on Cash Return | 5% | Total Return on Investment | 26% | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 8% | Management Fee | 8% | Maintenance Percentage | 8% |
Comments |
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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.
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