Investment Opportunity!
Merrillville, IN 46410
4 Bed 2 Bath Home | Built in 1963
| Square Feet | 1,925 | | Initial Market Value | $155,000 | | Purchase Price | $155,000 | | Downpayment | $38,750 | | Loan Origination Fees | $2,616 | | Depreciable Closing Costs | $7,750 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $49,116 | | Cost per Square Foot | $81 | | Monthly Rent per Square Foot | $0.86 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,650 | $19,800 | | Vacancy Losses | ($132) | ($1,584) | | Operating Income | $1,518 | $18,216 |
| Expenses | Monthly | Annual |
|---|
| 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 Performance | Monthly | Annual |
|---|
| Net Operating Income | $911 | $10,935 | | - Mortgage Payments | ($773) | ($9,272) | | = Cash Flow | $139 | $1,664 | | + Principal Reduction | $99 | $1,183 | | + First-Year Appreciation | $775 | $9,300 | | = Gross Equity Income | $1,012 | $12,147 | | + Tax Savings | $56 | $667 | | = GEI w/Tax Savings | $1,068 | $12,814 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $116,250 | $0 | | Monthly Payment | $772.63 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.990% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.18 | | Annual Gross Rent Multiplier | 8 | | Monthly Gross Rent Multiplier | 94 | | Capitalization Rate | 7.1% | | Cash on Cash Return | 3% | | Total Return on Investment | 25% | | + 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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