High Cash Flow
Eight Mile, AL 36613
4BR, 1BA, Built 1983
| Square Feet | 1,397 | | Initial Market Value | $78,000 | | Purchase Price | $78,000 | | Downpayment | $15,600 | | Loan Origination Fees | $624 | | Depreciable Closing Costs | $3,900 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $20,124 | | Cost per Square Foot | $56 | | Monthly Rent per Square Foot | $0.68 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $950 | $11,400 | | Vacancy Losses | ($76) | ($912) | | Operating Income | $874 | $10,488 |
| Expenses | Monthly | Annual |
|---|
| 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 Performance | Monthly | Annual |
|---|
| Net Operating Income | $620 | $7,441 | | - Mortgage Payments | ($326) | ($3,906) | | = Cash Flow | $295 | $3,535 | | + Principal Reduction | $80 | $963 | | + First-Year Appreciation | $195 | $2,340 | | = Gross Equity Income | $570 | $6,838 | | + Tax Savings | $0 | $0 | | = GEI w/Tax Savings | $570 | $6,838 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 80% | 0% | | Loan Amount | $62,400 | $0 | | Monthly Payment | $325.51 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 4.750% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.90 | | Annual Gross Rent Multiplier | 7 | | Monthly Gross Rent Multiplier | 82 | | Capitalization Rate | 9.5% | | Cash on Cash Return | 18% | | Total Return on Investment | 34% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 5% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
|