Property Information

IN ESCROW
High Cash Flow
Eight Mile, AL 36613
4BR, 1BA, Built 1983
Square Feet1,397
Initial Market Value$78,000
Purchase Price$78,000
Downpayment$19,500
Loan Origination Fees$585
Depreciable Closing Costs$3,900
Other Closing Costs and Fixup$0
Initial Cash Invested$23,985
Cost per Square Foot$56
Monthly Rent per Square Foot$0.68
IncomeMonthlyAnnual
Gross Rent$950$11,400
Vacancy Losses($76)($912)
Operating Income$874$10,488
ExpensesMonthlyAnnual
Property Taxes($65)($780)
Insurance($72)($858)
Management Fees($70)($839)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($48)($570)
Other$0$0
Operating Expenses($254)($3,047)
Net PerformanceMonthlyAnnual
Net Operating Income$620$7,441
- Mortgage Payments($296)($3,557)
= Cash Flow$324$3,884
+ Principal Reduction$79$944
+ First-Year Appreciation$195$2,340
= Gross Equity Income$597$7,168
+ Tax Savings$0$0
= GEI w/Tax Savings$597$7,168
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$58,500$0
Monthly Payment$296.41$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.500%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio2.09
Annual Gross Rent Multiplier7
Monthly Gross Rent Multiplier82
Capitalization Rate9.5%
Cash on Cash Return16%
Total Return on Investment30%
Total ROI with Tax Savings30%
Assumptions
Real Estate Appreciation Rate3%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage5%
Comments
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.