Perfect Starter Investment Property
Kansas City, MO 64123
Appreciation and Cashflow
| Square Feet | 1,656 | | Initial Market Value | $138,000 | | Purchase Price | $138,000 | | Downpayment | $34,500 | | Loan Origination Fees | $2,329 | | Depreciable Closing Costs | $828 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $37,657 | | Cost per Square Foot | $83 | | Monthly Rent per Square Foot | $0.00 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $0 | $0 | | Vacancy Losses | $0 | $0 | | Operating Income | $0 | $0 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($115) | ($1,380) | | Insurance | ($60) | ($718) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | $0 | $0 | | Other | $0 | $0 | | Operating Expenses | ($175) | ($2,098) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | ($175) | ($2,098) | | - Mortgage Payments | ($688) | ($8,255) | | = Cash Flow | ($863) | ($10,352) | | + Principal Reduction | $88 | $1,053 | | + First-Year Appreciation | $690 | $8,280 | | = Gross Equity Income | ($85) | ($1,019) | | + Tax Savings | $381 | $4,577 | | = GEI w/Tax Savings | $296 | $3,558 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $103,500 | $0 | | Monthly Payment | $687.89 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.990% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | -0.25 | | Annual Gross Rent Multiplier | N/A | | Monthly Gross Rent Multiplier | N/A | | Capitalization Rate | -1.5% | | Cash on Cash Return | -27% | | Total Return on Investment | -3% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 10% | | Maintenance Percentage | 7% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
|
