Three bedroom 2.5 bath home
Douglasville, GA 30135
Built in 2003
| Square Feet | 1,800 | | Initial Market Value | $89,900 | | Purchase Price | $89,900 | | Downpayment | $17,980 | | Loan Origination Fees | $1,438 | | Depreciable Closing Costs | $3,596 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $23,014 | | Cost per Square Foot | $50 | | Monthly Rent per Square Foot | $0.61 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,095 | $13,140 | | Vacancy Losses | ($88) | ($1,051) | | Operating Income | $1,007 | $12,089 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($150) | ($1,798) | | Insurance | ($52) | ($629) | | Management Fees | ($81) | ($967) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($55) | ($657) | | Other | $0 | $0 | | Operating Expenses | ($338) | ($4,051) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $670 | $8,037 | | - Mortgage Payments | ($397) | ($4,766) | | = Cash Flow | $273 | $3,272 | | + Principal Reduction | $85 | $1,014 | | + First-Year Appreciation | $225 | $2,697 | | = Gross Equity Income | $582 | $6,983 | | + Tax Savings | $0 | $0 | | = GEI w/Tax Savings | $582 | $6,983 |
|  | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 80% | 0% | | Loan Amount | $71,920 | $0 | | Monthly Payment | $397.14 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 5.250% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.69 | | Annual Gross Rent Multiplier | 7 | | Monthly Gross Rent Multiplier | 82 | | Capitalization Rate | 8.9% | | Cash on Cash Return | 14% | | Total Return on Investment | 30% | | Total ROI with Tax Savings | 30% |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 5% |
| Comments |
|---|
| Three bedroom home with bonus room. 2 car garage, family room, dining room, and basement. |
*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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