Property Information

SOLD
SFH in Davenport
Davenport, IA 52802
3bd 2ba built in 1910
Square Feet1,428
Initial Market Value$110,000
Purchase Price$110,000
Downpayment$27,500
Loan Origination Fees$825
Depreciable Closing Costs$5,500
Other Closing Costs and Fixup$0
Initial Cash Invested$33,825
Cost per Square Foot$77
Monthly Rent per Square Foot$0.77
IncomeMonthlyAnnual
Gross Rent$1,100$13,200
Vacancy Losses($88)($1,056)
Operating Income$1,012$12,144
ExpensesMonthlyAnnual
Property Taxes($138)($1,650)
Insurance($61)($726)
Management Fees($91)($1,093)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($55)($660)
Other$0$0
Operating Expenses($344)($4,129)
Net PerformanceMonthlyAnnual
Net Operating Income$668$8,015
- Mortgage Payments($481)($5,777)
= Cash Flow$186$2,238
+ Principal Reduction$88$1,061
+ First-Year Appreciation$550$6,600
= Gross Equity Income$825$9,899
+ Tax Savings$3$35
= GEI w/Tax Savings$828$9,934
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$82,500$0
Monthly Payment$481.45$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate5.750%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.39
Annual Gross Rent Multiplier8
Monthly Gross Rent Multiplier100
Capitalization Rate7.3%
Cash on Cash Return7%
Total Return on Investment29%
Total ROI with Tax Savings29%
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.