Property Information

IN ESCROW
Jackson home built in 1947
Jackson, MS 39216
Rented and perfroming investment property
Square Feet1,362
Initial Market Value$75,000
Purchase Price$75,000
Downpayment$18,750
Loan Origination Fees$563
Depreciable Closing Costs$3,750
Other Closing Costs and Fixup$0
Initial Cash Invested$23,063
Cost per Square Foot$55
Monthly Rent per Square Foot$0.62
IncomeMonthlyAnnual
Gross Rent$850$10,200
Vacancy Losses($68)($816)
Operating Income$782$9,384
ExpensesMonthlyAnnual
Property Taxes($69)($825)
Insurance($63)($750)
Management Fees($75)($900)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($43)($510)
Other$0$0
Operating Expenses($249)($2,985)
Net PerformanceMonthlyAnnual
Net Operating Income$533$6,399
- Mortgage Payments($277)($3,321)
= Cash Flow$257$3,078
+ Principal Reduction$79$948
+ First-Year Appreciation$188$2,250
= Gross Equity Income$523$6,277
+ Tax Savings$0$0
= GEI w/Tax Savings$523$6,277
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$56,250$0
Monthly Payment$276.72$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.250%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.93
Annual Gross Rent Multiplier7
Monthly Gross Rent Multiplier88
Capitalization Rate8.5%
Cash on Cash Return13%
Total Return on Investment27%
Total ROI with Tax Savings27%
Assumptions
Real Estate Appreciation Rate3%
Vacancy Rate8%
Management Fee$75
Maintenance Percentage5%
Comments
3 bedroom 2 bath already rented to a long term tenant. Rehabbed a few years ago and new HVAC package unit installed a few months ago.
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.