Adorable, Fully Leased, and Renovated
Harrisburg, PA 17109
3 Bed/1 Bath - Built in 1935
| Square Feet | 1,310 | | Initial Market Value | $150,000 | | Purchase Price | $150,000 | | Downpayment | $37,500 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $7,500 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $45,000 | | Cost per Square Foot | $115 | | Monthly Rent per Square Foot | $1.15 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,500 | $18,000 | | Vacancy Losses | ($120) | ($1,440) | | Operating Income | $1,380 | $16,560 |
| Expenses | Monthly | Annual |
|---|
| 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 Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,000 | $11,996 | | - Mortgage Payments | ($639) | ($7,665) | | = Cash Flow | $361 | $4,331 | | + Principal Reduction | $126 | $1,515 | | + First-Year Appreciation | $750 | $9,000 | | = Gross Equity Income | $1,237 | $14,847 | | + Tax Savings | $0 | $0 | | = GEI w/Tax Savings | $1,237 | $14,847 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $112,500 | $0 | | Monthly Payment | $638.76 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 5.500% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.57 | | Annual Gross Rent Multiplier | 8 | | Monthly Gross Rent Multiplier | 100 | | Capitalization Rate | 8.0% | | Cash on Cash Return | 10% | | Total Return on Investment | 33% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 6% | | Maintenance Percentage | 8% |
| 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.
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