Property Information

IN ESCROW
Investment Opportunity!
Merrillville, IN 46410
4 Bed 2 Bath Home | Built in 1963
Square Feet1,925
Initial Market Value$155,000
Purchase Price$155,000
Downpayment$38,750
Loan Origination Fees$1,163
Depreciable Closing Costs$7,750
Other Closing Costs and Fixup$0
Initial Cash Invested$47,663
Cost per Square Foot$81
Monthly Rent per Square Foot$0.86
IncomeMonthlyAnnual
Gross Rent$1,650$19,800
Vacancy Losses($132)($1,584)
Operating Income$1,518$18,216
ExpensesMonthlyAnnual
Property Taxes($258)($3,100)
Insurance($65)($775)
Management Fees($152)($1,822)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($132)($1,584)
Other$0$0
Operating Expenses($607)($7,281)
Net PerformanceMonthlyAnnual
Net Operating Income$911$10,935
- Mortgage Payments($589)($7,068)
= Cash Flow$322$3,867
+ Principal Reduction$156$1,875
+ First-Year Appreciation$775$9,300
= Gross Equity Income$1,254$15,043
+ Tax Savings$0$0
= GEI w/Tax Savings$1,254$15,043
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$116,250$0
Monthly Payment$589.02$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.500%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.55
Annual Gross Rent Multiplier8
Monthly Gross Rent Multiplier94
Capitalization Rate7.1%
Cash on Cash Return8%
Total Return on Investment32%
Total ROI with Tax Savings32%
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.