Property Information

IN ESCROW
Nice Investment Opportunity!
North Little Rock, AR 72116
4BR, 2BA, Built in 1964
Square Feet2,269
Initial Market Value$139,900
Purchase Price$139,900
Downpayment$34,975
Loan Origination Fees$1,049
Depreciable Closing Costs$5,596
Other Closing Costs and Fixup$0
Initial Cash Invested$41,620
Cost per Square Foot$62
Monthly Rent per Square Foot$0.57
IncomeMonthlyAnnual
Gross Rent$1,295$15,540
Vacancy Losses($104)($1,243)
Operating Income$1,191$14,297
ExpensesMonthlyAnnual
Property Taxes($117)($1,399)
Insurance($58)($700)
Management Fees($119)($1,430)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($104)($1,243)
Other$0$0
Operating Expenses($398)($4,771)
Net PerformanceMonthlyAnnual
Net Operating Income$794$9,525
- Mortgage Payments($516)($6,194)
= Cash Flow$278$3,331
+ Principal Reduction$147$1,769
+ First-Year Appreciation$700$8,394
= Gross Equity Income$1,125$13,494
+ Tax Savings$0$0
= GEI w/Tax Savings$1,125$13,494
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$104,925$0
Monthly Payment$516.17$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.250%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.54
Annual Gross Rent Multiplier9
Monthly Gross Rent Multiplier108
Capitalization Rate6.8%
Cash on Cash Return8%
Total Return on Investment32%
Total ROI with Tax Savings32%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee10%
Maintenance Percentage8%
Comments
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.