Property Information

IN ESCROW
Pre Construction - 3 Bedroom Block Construction in Ocala
Ocala, FL 34480
Est. Completion- Sept-Nov 2020
Square Feet1,357
Initial Market Value$159,900
Purchase Price$159,900
Downpayment$39,975
Loan Origination Fees$1,199
Depreciable Closing Costs$6,396
Other Closing Costs and Fixup$0
Initial Cash Invested$47,570
Cost per Square Foot$118
Monthly Rent per Square Foot$0.98
IncomeMonthlyAnnual
Gross Rent$1,325$15,900
Vacancy Losses($106)($1,272)
Operating Income$1,219$14,628
ExpensesMonthlyAnnual
Property Taxes($215)($2,574)
Insurance($40)($480)
Management Fees($98)($1,170)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($40)($477)
Other$0$0
Operating Expenses($392)($4,701)
Net PerformanceMonthlyAnnual
Net Operating Income$827$9,927
- Mortgage Payments($590)($7,080)
= Cash Flow$237$2,847
+ Principal Reduction$168$2,022
+ First-Year Appreciation$800$9,594
= Gross Equity Income$1,205$14,463
+ Tax Savings$0$5
= GEI w/Tax Savings$1,206$14,468
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$119,925$0
Monthly Payment$589.96$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.250%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.40
Annual Gross Rent Multiplier10
Monthly Gross Rent Multiplier121
Capitalization Rate6.2%
Cash on Cash Return6%
Total Return on Investment30%
Total ROI with Tax Savings30%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage3%
Comments
PRE-CONSTRUCTION! This 3 bedroom, 2 bath, 2 car
garage home is located the a very desirable Silver
Springs Shores neighborhoods in
Ocala, Florida.
Property is on well & septic.
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.