Property Information

SOLD
Great Investment Opportunity
Valparaiso, IN 46385
3 bedroom/ 1 bath home built in 1962
Square Feet960
Initial Market Value$119,900
Purchase Price$119,900
Downpayment$29,975
Loan Origination Fees$899
Depreciable Closing Costs$5,995
Other Closing Costs and Fixup$0
Initial Cash Invested$36,869
Cost per Square Foot$125
Monthly Rent per Square Foot$1.30
IncomeMonthlyAnnual
Gross Rent$1,250$15,000
Vacancy Losses($100)($1,200)
Operating Income$1,150$13,800
ExpensesMonthlyAnnual
Property Taxes($200)($2,398)
Insurance($50)($600)
Management Fees($92)($1,104)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($100)($1,200)
Other$0$0
Operating Expenses($442)($5,302)
Net PerformanceMonthlyAnnual
Net Operating Income$708$8,499
- Mortgage Payments($442)($5,309)
= Cash Flow$266$3,190
+ Principal Reduction$126$1,516
+ First-Year Appreciation$600$7,194
= Gross Equity Income$992$11,900
+ Tax Savings$0$0
= GEI w/Tax Savings$992$11,900
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$89,925$0
Monthly Payment$442.38$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.250%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.60
Annual Gross Rent Multiplier8
Monthly Gross Rent Multiplier96
Capitalization Rate7.1%
Cash on Cash Return9%
Total Return on Investment32%
Total ROI with Tax Savings32%
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.