Great Investment!
Hammond, IN 46324
3 Bed 1 Bath Home | Built in 1951
| Square Feet | 1,000 | | Initial Market Value | $130,000 | | Purchase Price | $130,000 | | Downpayment | $32,500 | | Loan Origination Fees | $2,194 | | Depreciable Closing Costs | $6,500 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $41,194 | | Cost per Square Foot | $130 | | Monthly Rent per Square Foot | $1.35 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,350 | $16,200 | | Vacancy Losses | ($108) | ($1,296) | | Operating Income | $1,242 | $14,904 |
| Expenses | Monthly | Annual |
|---|
| 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 Performance | Monthly | Annual |
|---|
| Net Operating Income | $739 | $8,868 | | - Mortgage Payments | ($648) | ($7,776) | | = Cash Flow | $91 | $1,091 | | + Principal Reduction | $83 | $992 | | + First-Year Appreciation | $650 | $7,800 | | = Gross Equity Income | $824 | $9,884 | | + Tax Savings | $55 | $664 | | = GEI w/Tax Savings | $879 | $10,547 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $97,500 | $0 | | Monthly Payment | $648.02 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.990% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.14 | | Annual Gross Rent Multiplier | 8 | | Monthly Gross Rent Multiplier | 96 | | Capitalization Rate | 6.8% | | Cash on Cash Return | 3% | | Total Return on Investment | 24% | | + 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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