Great Investment Opportunity
Lowell, IN 46356
3 bedroom/1 bath home built in 1945
Square Feet1,090
Initial Market Value$114,900
Purchase Price$114,900
Downpayment$22,980
Loan Origination Fees$1,838
Depreciable Closing Costs$5,745
Other Closing Costs and Fixup$0
Initial Cash Invested$30,563
Cost per Square Foot$105
Monthly Rent per Square Foot$1.10
IncomeMonthlyAnnual
Gross Rent$1,200$14,400
Vacancy Losses($96)($1,152)
Operating Income$1,104$13,248
ExpensesMonthlyAnnual
Property Taxes($192)($2,298)
Insurance($48)($575)
Management Fees($88)($1,060)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($96)($1,152)
Other$0$0
Operating Expenses($424)($5,084)
Net PerformanceMonthlyAnnual
Net Operating Income$680$8,164
- Mortgage Payments($522)($6,263)
= Cash Flow$158$1,901
+ Principal Reduction$103$1,238
+ First-Year Appreciation$575$6,894
= Gross Equity Income$836$10,033
+ Tax Savings$12$141
= GEI w/Tax Savings$848$10,174
Mortgage InfoFirstSecond
Loan-to-Value Ratio80%0%
Loan Amount$91,920$0
Monthly Payment$521.91$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate5.500%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.30
Annual Gross Rent Multiplier8
Monthly Gross Rent Multiplier96
Capitalization Rate7.1%
Cash on Cash Return6%
Total Return on Investment33%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage8%
Comments
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.