2 Houses on 1 Parcel
Mobile, AL 36605
2BR, 1BA each Home- Built 1982
| Square Feet | 1,658 | | Purchase Price | $105,000 | | Initial Market Value | $105,000 | | Downpayment | $26,250 | | Closing Costs | $7,022 | | Initial Cash Invested | $33,272 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $1,300 | $15,600 | | Vacancy Losses | $104 | $1,248 | | Operating Income | $1,196 | $14,352 | | Operating Expenses | $383 | $4,601 |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $813 | $9,751 | | - Mortgage Payments | $523 | $6,281 | | = Cash Flow | $289 | $3,470 | | + Principal Reduction | $67 | $802 | | + First-Year Appreciation | $525 | $6,300 | | = Gross Equity Income | $881 | $10,572 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 9.3% | | Cash on Cash Return | 10% | | Total Return on Investment | 32% |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 8% |
*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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