Property Information

SOLD
Great Investment!
Hammond, IN 46324
3 Bed 1 Bath Home | Built in 1951
Square Feet1,000
Initial Market Value$130,000
Purchase Price$130,000
Downpayment$32,500
Loan Origination Fees$975
Depreciable Closing Costs$6,500
Other Closing Costs and Fixup$0
Initial Cash Invested$39,975
Cost per Square Foot$130
Monthly Rent per Square Foot$1.35
IncomeMonthlyAnnual
Gross Rent$1,350$16,200
Vacancy Losses($108)($1,296)
Operating Income$1,242$14,904
ExpensesMonthlyAnnual
Property Taxes($217)($2,600)
Insurance($54)($650)
Management Fees($124)($1,490)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($108)($1,296)
Other$0$0
Operating Expenses($503)($6,036)
Net PerformanceMonthlyAnnual
Net Operating Income$739$8,868
- Mortgage Payments($480)($5,756)
= Cash Flow$259$3,112
+ Principal Reduction$137$1,644
+ First-Year Appreciation$650$7,800
= Gross Equity Income$1,046$12,556
+ Tax Savings$0$0
= GEI w/Tax Savings$1,046$12,556
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$97,500$0
Monthly Payment$479.64$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.250%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.54
Annual Gross Rent Multiplier8
Monthly Gross Rent Multiplier96
Capitalization Rate6.8%
Cash on Cash Return8%
Total Return on Investment31%
Total ROI with Tax Savings31%
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.