SFH in Davenport
Davenport, IA 52802
3bd 2ba built in 1910
Square Feet | 1,428 | Initial Market Value | $110,000 | Purchase Price | $110,000 | Downpayment | $27,500 | Loan Origination Fees | $1,856 | Depreciable Closing Costs | $5,500 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $34,856 | Cost per Square Foot | $77 | Monthly Rent per Square Foot | $0.77 |
Income | Monthly | Annual |
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Gross Rent | $1,100 | $13,200 | Vacancy Losses | ($88) | ($1,056) | Operating Income | $1,012 | $12,144 |
Expenses | Monthly | Annual |
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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 Performance | Monthly | Annual |
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Net Operating Income | $668 | $8,015 | - Mortgage Payments | ($548) | ($6,580) | = Cash Flow | $120 | $1,435 | + Principal Reduction | $70 | $840 | + First-Year Appreciation | $550 | $6,600 | = Gross Equity Income | $740 | $8,875 | + Tax Savings | $32 | $386 | = GEI w/Tax Savings | $772 | $9,261 |
| Mortgage Info | First | Second |
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Loan-to-Value Ratio | 75% | 0% | Loan Amount | $82,500 | $0 | Monthly Payment | $548.32 | $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 | 1.22 | Annual Gross Rent Multiplier | 8 | Monthly Gross Rent Multiplier | 100 | Capitalization Rate | 7.3% | Cash on Cash Return | 4% | Total Return on Investment | 25% | + 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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