Property Information

IN ESCROW
Pre-Leased Property
North Little Rock, AR 72118
3BR, 2BA, Built in 1972
Square Feet1,698
Initial Market Value$110,900
Purchase Price$110,900
Downpayment$27,725
Loan Origination Fees$832
Depreciable Closing Costs$5,545
Other Closing Costs and Fixup$0
Initial Cash Invested$34,102
Cost per Square Foot$65
Monthly Rent per Square Foot$0.57
IncomeMonthlyAnnual
Gross Rent$975$11,700
Vacancy Losses($78)($936)
Operating Income$897$10,764
ExpensesMonthlyAnnual
Property Taxes($83)($998)
Insurance($51)($610)
Management Fees($90)($1,076)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($49)($585)
Other$0$0
Operating Expenses($272)($3,269)
Net PerformanceMonthlyAnnual
Net Operating Income$625$7,495
- Mortgage Payments($409)($4,910)
= Cash Flow$215$2,585
+ Principal Reduction$117$1,402
+ First-Year Appreciation$277$3,327
= Gross Equity Income$609$7,314
+ Tax Savings$0$0
= GEI w/Tax Savings$609$7,314
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$83,175$0
Monthly Payment$409.17$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.250%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.53
Annual Gross Rent Multiplier9
Monthly Gross Rent Multiplier114
Capitalization Rate6.8%
Cash on Cash Return8%
Total Return on Investment21%
Total ROI with Tax Savings21%
Assumptions
Real Estate Appreciation Rate3%
Vacancy Rate8%
Management Fee10%
Maintenance Percentage5%
Comments
Leased through Jan 2021
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.