SFH in Rock Island
Rock Island, IL 61201
Over 1% RTP solid home
Square Feet | 1,152 | Initial Market Value | $95,000 | Purchase Price | $95,000 | Downpayment | $23,750 | Loan Origination Fees | $1,603 | Depreciable Closing Costs | $4,750 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $30,103 | Cost per Square Foot | $82 | Monthly Rent per Square Foot | $0.87 |
Income | Monthly | Annual |
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Gross Rent | $1,000 | $12,000 | Vacancy Losses | ($80) | ($960) | Operating Income | $920 | $11,040 |
Expenses | Monthly | Annual |
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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 Performance | Monthly | Annual |
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Net Operating Income | $616 | $7,394 | - Mortgage Payments | ($474) | ($5,683) | = Cash Flow | $143 | $1,712 | + Principal Reduction | $60 | $725 | + First-Year Appreciation | $475 | $5,700 | = Gross Equity Income | $678 | $8,137 | + Tax Savings | $14 | $171 | = GEI w/Tax Savings | $692 | $8,308 |
| Mortgage Info | First | Second |
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Loan-to-Value Ratio | 75% | 0% | Loan Amount | $71,250 | $0 | Monthly Payment | $473.55 | $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 | 95 | Capitalization Rate | 7.8% | Cash on Cash Return | 6% | 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 | 9% | 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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