4.375% Rare Creative Financing!
Sarasota, FL 34232
Built 2021 4 Bed 2.5 Bath
Square Feet | 2,007 | Initial Market Value | $529,900 | Purchase Price | $529,900 | Downpayment | $132,475 | Loan Origination Fees | $0 | Depreciable Closing Costs | $10,598 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $143,073 | Cost per Square Foot | $264 | Monthly Rent per Square Foot | $1.59 |
Income | Monthly | Annual |
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Gross Rent | $3,200 | $38,400 | Vacancy Losses | ($256) | ($3,072) | Operating Income | $2,944 | $35,328 |
Expenses | Monthly | Annual |
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Property Taxes | ($358) | ($4,292) | Insurance | ($132) | ($1,590) | Management Fees | ($236) | ($2,826) | Leasing/Advertising Fees | $0 | $0 | Association Fees | ($75) | ($900) | Maintenance | ($64) | ($768) | Other | $0 | $0 | Operating Expenses | ($865) | ($10,376) |
Net Performance | Monthly | Annual |
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Net Operating Income | $2,079 | $24,952 | - Mortgage Payments | ($2,255) | ($27,058) | = Cash Flow | ($176) | ($2,107) | + Principal Reduction | $518 | $6,218 | + First-Year Appreciation | $2,650 | $31,794 | = Gross Equity Income | $2,992 | $35,905 | + Tax Savings | $334 | $4,009 | = GEI w/Tax Savings | $3,326 | $39,915 |
| Mortgage Info | First | Second |
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Loan-to-Value Ratio | 63% | 12% | Loan Amount | $333,837 | $63,588 | Monthly Payment | $1,724.97 | $529.90 | Loan Type | Amortizing Fixed | Interest Only Fixed | Term | 28 Years | 2 Years | Interest Rate | 4.375% | 10.000% | Monthly PMI | $0 | |
Financial Indicators | |
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Debt Coverage Ratio | 0.92 | Annual Gross Rent Multiplier | 14 | Monthly Gross Rent Multiplier | 166 | Capitalization Rate | 4.7% | Cash on Cash Return | -1% | 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 | 8% | Maintenance Percentage | 2% |
Comments |
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Sub To Low Rate Mortgage at 4.375% | *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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