Projected After Refi Proforma
Sarasota, FL 34232
Built 2021 4 Bed 2.5 Bath
Square Feet | 2,007 | Initial Market Value | $529,900 | Purchase Price | $529,900 | Downpayment | $243,754 | Loan Origination Fees | $0 | Depreciable Closing Costs | $10,598 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $254,352 | Cost per Square Foot | $264 | Monthly Rent per Square Foot | $1.72 |
Income | Monthly | Annual |
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Gross Rent | $3,450 | $41,400 | Vacancy Losses | ($276) | ($3,312) | Operating Income | $3,174 | $38,088 |
Expenses | Monthly | Annual |
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Property Taxes | ($358) | ($4,292) | Insurance | ($132) | ($1,590) | Management Fees | ($254) | ($3,047) | Leasing/Advertising Fees | $0 | $0 | Association Fees | ($75) | ($900) | Maintenance | ($69) | ($828) | Other | $0 | $0 | Operating Expenses | ($888) | ($10,657) |
Net Performance | Monthly | Annual |
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Net Operating Income | $2,286 | $27,431 | - Mortgage Payments | ($1,537) | ($18,445) | = Cash Flow | $749 | $8,986 | + Principal Reduction | $504 | $6,046 | + First-Year Appreciation | $2,650 | $31,794 | = Gross Equity Income | $3,902 | $46,826 | + Tax Savings | $22 | $263 | = GEI w/Tax Savings | $3,924 | $47,090 |
| Mortgage Info | First | Second |
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Loan-to-Value Ratio | 54% | 0% | Loan Amount | $286,146 | $0 | Monthly Payment | $1,537.08 | $0.00 | Loan Type | Amortizing Fixed | | Term | 26 Years | | Interest Rate | 4.375% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
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Debt Coverage Ratio | 1.49 | Annual Gross Rent Multiplier | 13 | Monthly Gross Rent Multiplier | 154 | Capitalization Rate | 5.2% | Cash on Cash Return | 4% | Total Return on Investment | 18% | + 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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Projected After Refi Proforma | *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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