Property Information

IN ESCROW
Pre-Leased Property
Merrillville, IN 46410
3 Bed 2 Bath Home | Built in 1953
Square Feet1,878
Initial Market Value$140,000
Purchase Price$140,000
Downpayment$35,000
Loan Origination Fees$1,050
Depreciable Closing Costs$7,000
Other Closing Costs and Fixup$0
Initial Cash Invested$43,050
Cost per Square Foot$75
Monthly Rent per Square Foot$0.77
IncomeMonthlyAnnual
Gross Rent$1,450$17,400
Vacancy Losses($116)($1,392)
Operating Income$1,334$16,008
ExpensesMonthlyAnnual
Property Taxes($233)($2,800)
Insurance($58)($700)
Management Fees($133)($1,601)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($116)($1,392)
Other$0$0
Operating Expenses($541)($6,493)
Net PerformanceMonthlyAnnual
Net Operating Income$793$9,515
- Mortgage Payments($532)($6,384)
= Cash Flow$261$3,131
+ Principal Reduction$141$1,694
+ First-Year Appreciation$700$8,400
= Gross Equity Income$1,102$13,225
+ Tax Savings$0$0
= GEI w/Tax Savings$1,102$13,225
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$105,000$0
Monthly Payment$532.02$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.500%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.49
Annual Gross Rent Multiplier8
Monthly Gross Rent Multiplier97
Capitalization Rate6.8%
Cash on Cash Return7%
Total Return on Investment31%
Total ROI with Tax Savings31%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee10%
Maintenance Percentage8%
Comments
This property is occupied.
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.