5 bedroom USC student housing
Columbia, SC 29201
Brand New 5 bedroom Student Housing near USC
| Square Feet | 1,836 | | Purchase Price | $250,000 | | Initial Market Value | $250,000 | | Downpayment | $50,000 | | Loan Origination Fees | $3,000 | | Depreciable Closing Costs | $7,500 | | Other Closing Costs | $0 | | Initial Cash Invested | $60,500 | | Cost per Square Foot | $136 | | Monthly Rent per Square Foot | $1.28 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,350 | $28,200 | | Vacancy Losses | ($47) | ($564) | | Operating Income | $2,303 | $27,636 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($419) | ($5,025) | | Insurance | ($40) | ($475) | | Management Fees | ($173) | ($2,073) | | Leasing/Advertising Fees | ($21) | ($250) | | Association Fees | ($200) | ($2,400) | | Maintenance | ($47) | ($564) | | Other | $0 | $0 | | Operating Expenses | ($899) | ($10,787) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,404 | $16,849 | | - Mortgage Payments | ($1,264) | ($15,170) | | = Cash Flow | $140 | $1,680 | | + Principal Reduction | $186 | $2,236 | | + First-Year Appreciation | $625 | $7,500 | | = Gross Equity Income | $951 | $11,415 | | + Tax Savings | $104 | $1,245 | | = GEI w/Tax Savings | $1,055 | $12,660 |
|  | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 80% | 0% | | Loan Amount | $200,000 | $0 | | Monthly Payment | $1,264.14 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.500% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.11 | | Annual Gross Rent Multiplier | 9 | | Monthly Gross Rent Multiplier | 106 | | Capitalization Rate | 6.7% | | Cash on Cash Return | 3% | | Total Return on Investment | 19% | | Total ROI with Tax Savings | 21% |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 3% | | Vacancy Rate | 2% | | Management Fee | 8% | | Maintenance Percentage | 2% |
| Comments |
|---|
5BR/5BA. The Very Best in Student Living. A Private Gated Community of Craftsman Style Cottages.Outstanding Amenities and Security features. FIRST year lease GUARANTEED!
Builder will pay 4% in concessions for a total of $10,000! |
*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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