Great Investment Opportunity
Merrillville, IN 46410
3 bedroom/ 1 bath home built in 1941
| Square Feet | 1,360 | | 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 | $84 | | Monthly Rent per Square Foot | $0.94 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,280 | $15,360 | | Vacancy Losses | ($102) | ($1,229) | | Operating Income | $1,178 | $14,131 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($254) | ($3,045) | | Insurance | ($48) | ($575) | | Management Fees | ($94) | ($1,130) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($102) | ($1,229) | | Other | $0 | $0 | | Operating Expenses | ($498) | ($5,979) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $679 | $8,153 | | - Mortgage Payments | ($522) | ($6,263) | | = Cash Flow | $157 | $1,890 | | + Principal Reduction | $103 | $1,238 | | + First-Year Appreciation | $575 | $6,894 | | = Gross Equity Income | $835 | $10,022 | | + Tax Savings | $12 | $145 | | = GEI w/Tax Savings | $847 | $10,167 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 80% | 0% | | Loan Amount | $91,920 | $0 | | Monthly Payment | $521.91 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 5.500% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.30 | | Annual Gross Rent Multiplier | 7 | | Monthly Gross Rent Multiplier | 90 | | Capitalization Rate | 7.1% | | Cash on Cash Return | 6% | | Total Return on Investment | 33% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 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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