Pre-Leased Property
North Little Rock, AR 72118
3BR, 2BA, Built in 1972
Square Feet | 1,698 | Initial Market Value | $110,900 | Purchase Price | $110,900 | Downpayment | $27,725 | Loan Origination Fees | $1,871 | Depreciable Closing Costs | $5,545 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $35,141 | Cost per Square Foot | $65 | Monthly Rent per Square Foot | $0.57 |
Income | Monthly | Annual |
---|
Gross Rent | $975 | $11,700 | Vacancy Losses | ($78) | ($936) | Operating Income | $897 | $10,764 |
Expenses | Monthly | Annual |
---|
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 Performance | Monthly | Annual |
---|
Net Operating Income | $625 | $7,495 | - Mortgage Payments | ($553) | ($6,634) | = Cash Flow | $72 | $861 | + Principal Reduction | $71 | $847 | + First-Year Appreciation | $277 | $3,327 | = Gross Equity Income | $420 | $5,034 | + Tax Savings | $49 | $590 | = GEI w/Tax Savings | $469 | $5,624 |
| Mortgage Info | First | Second |
---|
Loan-to-Value Ratio | 75% | 0% | Loan Amount | $83,175 | $0 | Monthly Payment | $552.81 | $0.00 | Loan Type | Amortizing Fixed | | Term | 30 Years | | Interest Rate | 6.990% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
---|
Debt Coverage Ratio | 1.13 | Annual Gross Rent Multiplier | 9 | Monthly Gross Rent Multiplier | 114 | Capitalization Rate | 6.8% | Cash on Cash Return | 2% | Total Return on Investment | 14% | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
Assumptions | |
---|
Real Estate Appreciation Rate | 3% | Vacancy Rate | 8% | Management Fee | 10% | Maintenance Percentage | 5% |
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.
|