Short Term OR Mid-Term Rental in Orange Beach
Orange Beach, AL 36561
3 Beds - 2.5 Baths - 2 Car Garage
| Square Feet | 2,011 | | Initial Market Value | $554,900 | | Purchase Price | $554,900 | | Downpayment | $138,725 | | Loan Origination Fees | $4,162 | | Depreciable Closing Costs | $16,647 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $159,534 | | Cost per Square Foot | $276 | | Monthly Rent per Square Foot | $1.74 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $3,495 | $41,940 | | Vacancy Losses | ($105) | ($1,258) | | Operating Income | $3,390 | $40,682 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($324) | ($3,884) | | Insurance | ($324) | ($3,884) | | Management Fees | ($339) | ($4,068) | | Leasing/Advertising Fees | ($250) | ($3,000) | | Association Fees | ($200) | ($2,400) | | Maintenance | ($105) | ($1,258) | | Other | $0 | $0 | | Operating Expenses | ($1,541) | ($18,495) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,849 | $22,187 | | - Mortgage Payments | ($2,396) | ($28,749) | | = Cash Flow | ($547) | ($6,562) | | + Principal Reduction | $457 | $5,479 | | + First-Year Appreciation | $3,699 | $44,392 | | = Gross Equity Income | $3,609 | $43,309 | | + Tax Savings | $510 | $6,116 | | = GEI w/Tax Savings | $4,119 | $49,425 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $416,175 | $0 | | Monthly Payment | $2,395.74 | $0.00 | | Loan Type | Amortizing ARM | | | Term | 1 Years | | | Interest Rate | 5.625% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 0.77 | | Annual Gross Rent Multiplier | 13 | | Monthly Gross Rent Multiplier | 159 | | Capitalization Rate | 4.0% | | Cash on Cash Return | -4% | | Total Return on Investment | 27% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 8% | | Vacancy Rate | 3% | | Management Fee | 10% | | Maintenance Percentage | 3% |
| Comments |
|---|
| **SELF-Managed Option** STR or Mid-Term rental in Orange Beach! Views of Wolf Bay and minutes from Gulf Beaches. Interior photos are representative. Furniture not included. |
*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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