Property Information

SOLD
Adorable, Fully Leased, and Renovated
Harrisburg, PA 17109
3 Bed/1 Bath - Built in 1935
Square Feet1,310
Initial Market Value$150,000
Purchase Price$150,000
Downpayment$37,500
Loan Origination Fees$1,125
Depreciable Closing Costs$7,500
Other Closing Costs and Fixup$0
Initial Cash Invested$46,125
Cost per Square Foot$115
Monthly Rent per Square Foot$1.15
IncomeMonthlyAnnual
Gross Rent$1,500$18,000
Vacancy Losses($120)($1,440)
Operating Income$1,380$16,560
ExpensesMonthlyAnnual
Property Taxes($143)($1,710)
Insurance($35)($420)
Management Fees($83)($994)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($120)($1,440)
Other$0$0
Operating Expenses($380)($4,564)
Net PerformanceMonthlyAnnual
Net Operating Income$1,000$11,996
- Mortgage Payments($553)($6,641)
= Cash Flow$446$5,355
+ Principal Reduction$158$1,897
+ First-Year Appreciation$750$9,000
= Gross Equity Income$1,354$16,252
+ Tax Savings$0$0
= GEI w/Tax Savings$1,354$16,252
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$112,500$0
Monthly Payment$553.43$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.250%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.81
Annual Gross Rent Multiplier8
Monthly Gross Rent Multiplier100
Capitalization Rate8.0%
Cash on Cash Return12%
Total Return on Investment35%
Total ROI with Tax Savings35%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee6%
Maintenance Percentage8%
Comments
All new paint, flooring, bathroom, kitchen with granite countertops and much more. Great deck overlooking fenced yard w/ shed and off-street parking.
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.