3 Bedroom in Dayton, OH!
Dayton, OH 45405
3 bedroom, 1 Bath - built in 1929
Square Feet | 1,501 | Initial Market Value | $79,900 | Purchase Price | $79,900 | Downpayment | $19,975 | Loan Origination Fees | $1,348 | Depreciable Closing Costs | $3,995 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $25,318 | Cost per Square Foot | $53 | Monthly Rent per Square Foot | $0.57 |
Income | Monthly | Annual |
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Gross Rent | $850 | $10,200 | Vacancy Losses | ($68) | ($816) | Operating Income | $782 | $9,384 |
Expenses | Monthly | Annual |
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Property Taxes | ($87) | ($1,039) | Insurance | ($53) | ($639) | Management Fees | ($63) | ($751) | Leasing/Advertising Fees | $0 | $0 | Association Fees | $0 | $0 | Maintenance | ($68) | ($816) | Other | $0 | $0 | Operating Expenses | ($270) | ($3,245) |
Net Performance | Monthly | Annual |
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Net Operating Income | $512 | $6,139 | - Mortgage Payments | ($398) | ($4,779) | = Cash Flow | $113 | $1,360 | + Principal Reduction | $51 | $610 | + First-Year Appreciation | $400 | $4,794 | = Gross Equity Income | $564 | $6,764 | + Tax Savings | $14 | $171 | = GEI w/Tax Savings | $578 | $6,935 |
| Mortgage Info | First | Second |
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Loan-to-Value Ratio | 75% | 0% | Loan Amount | $59,925 | $0 | Monthly Payment | $398.28 | $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 | 1.28 | Annual Gross Rent Multiplier | 8 | Monthly Gross Rent Multiplier | 94 | Capitalization Rate | 7.7% | Cash on Cash Return | 5% | Total Return on Investment | 27% | + 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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Single-family property with 3 bedrooms and 1 bathroom. Great location just northwest of downtown Dayton with quick access to highways and area shopping and dining. | *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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