Property Information

IN ESCROW
Pre-Leased Property
Greenwood, IN 46142
4BR, 2.5BA, Built in 1961
Square Feet1,887
Initial Market Value$136,900
Purchase Price$136,900
Downpayment$34,225
Loan Origination Fees$1,027
Depreciable Closing Costs$5,476
Other Closing Costs and Fixup$0
Initial Cash Invested$40,728
Cost per Square Foot$73
Monthly Rent per Square Foot$0.65
IncomeMonthlyAnnual
Gross Rent$1,225$14,700
Vacancy Losses($98)($1,176)
Operating Income$1,127$13,524
ExpensesMonthlyAnnual
Property Taxes($160)($1,917)
Insurance($60)($726)
Management Fees($90)($1,082)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($98)($1,176)
Other$0$0
Operating Expenses($408)($4,900)
Net PerformanceMonthlyAnnual
Net Operating Income$719$8,624
- Mortgage Payments($536)($6,427)
= Cash Flow$183$2,197
+ Principal Reduction$132$1,584
+ First-Year Appreciation$685$8,214
= Gross Equity Income$1,000$11,995
+ Tax Savings$11$137
= GEI w/Tax Savings$1,011$12,132
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$102,675$0
Monthly Payment$535.60$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.750%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.34
Annual Gross Rent Multiplier9
Monthly Gross Rent Multiplier112
Capitalization Rate6.3%
Cash on Cash Return5%
Total Return on Investment29%
Total ROI with Tax Savings30%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage8%
Comments
Property was rehabbed in 2016 and renters are in place!
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.