Property Information

SOLD
SFH in Rock Island
Rock Island, IL 61201
Over 1% RTP solid home
Square Feet1,152
Initial Market Value$95,000
Purchase Price$95,000
Downpayment$23,750
Loan Origination Fees$713
Depreciable Closing Costs$3,800
Other Closing Costs and Fixup$0
Initial Cash Invested$28,263
Cost per Square Foot$82
Monthly Rent per Square Foot$0.87
IncomeMonthlyAnnual
Gross Rent$1,000$12,000
Vacancy Losses($80)($960)
Operating Income$920$11,040
ExpensesMonthlyAnnual
Property Taxes($119)($1,425)
Insurance($52)($627)
Management Fees($83)($994)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($50)($600)
Other$0$0
Operating Expenses($304)($3,646)
Net PerformanceMonthlyAnnual
Net Operating Income$616$7,394
- Mortgage Payments($405)($4,855)
= Cash Flow$212$2,540
+ Principal Reduction$80$960
+ First-Year Appreciation$475$5,700
= Gross Equity Income$767$9,200
+ Tax Savings$0$0
= GEI w/Tax Savings$767$9,200
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$71,250$0
Monthly Payment$404.55$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate5.500%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.52
Annual Gross Rent Multiplier8
Monthly Gross Rent Multiplier95
Capitalization Rate7.8%
Cash on Cash Return9%
Total Return on Investment33%
Total ROI with Tax Savings33%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee9%
Maintenance Percentage5%
Comments
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.