Nice Investment Opportunity!
North Little Rock, AR 72116
4BR, 2BA, Built in 1964
| Square Feet | 2,269 | | Initial Market Value | $139,900 | | Purchase Price | $139,900 | | Downpayment | $13,990 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $5,596 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $19,586 | | Cost per Square Foot | $62 | | Monthly Rent per Square Foot | $0.57 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,295 | $15,540 | | Vacancy Losses | ($104) | ($1,243) | | Operating Income | $1,191 | $14,297 |
| Expenses | Monthly | Annual |
|---|
| 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 Performance | Monthly | Annual |
|---|
| Net Operating Income | $794 | $9,525 | | - Mortgage Payments | ($715) | ($8,579) | | = Cash Flow | $79 | $947 | | + Principal Reduction | $141 | $1,696 | | + First-Year Appreciation | $700 | $8,394 | | = Gross Equity Income | $920 | $11,037 | | + Tax Savings | $47 | $559 | | = GEI w/Tax Savings | $966 | $11,596 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 90% | 0% | | Loan Amount | $125,910 | $0 | | Monthly Payment | $714.90 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 5.500% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.11 | | Annual Gross Rent Multiplier | 9 | | Monthly Gross Rent Multiplier | 108 | | Capitalization Rate | 6.8% | | Cash on Cash Return | 5% | | Total Return on Investment | 56% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 10% | | 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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