Jackson home built in 1947
Jackson, MS 39216
Rented and perfroming investment property
| Square Feet | 1,362 | | Initial Market Value | $75,000 | | Purchase Price | $75,000 | | Downpayment | $15,000 | | Loan Origination Fees | $1,200 | | Depreciable Closing Costs | $3,750 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $19,950 | | Cost per Square Foot | $55 | | Monthly Rent per Square Foot | $0.62 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $850 | $10,200 | | Vacancy Losses | ($68) | ($816) | | Operating Income | $782 | $9,384 |
| Expenses | Monthly | Annual |
|---|
| 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 Performance | Monthly | Annual |
|---|
| Net Operating Income | $533 | $6,399 | | - Mortgage Payments | ($322) | ($3,865) | | = Cash Flow | $211 | $2,534 | | + Principal Reduction | $74 | $885 | | + First-Year Appreciation | $188 | $2,250 | | = Gross Equity Income | $472 | $5,669 | | + Tax Savings | $0 | $0 | | = GEI w/Tax Savings | $472 | $5,669 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 80% | 0% | | Loan Amount | $60,000 | $0 | | Monthly Payment | $322.09 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 5.000% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.66 | | Annual Gross Rent Multiplier | 7 | | Monthly Gross Rent Multiplier | 88 | | Capitalization Rate | 8.5% | | Cash on Cash Return | 13% | | Total Return on Investment | 28% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | $75 | | Maintenance Percentage | 5% |
| 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.
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