Property Information

Cash flow currently under renovation
Lakeland, FL 33805
3/2 1964
Square Feet1,204
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$116
Monthly Rent per Square Foot$0.98
IncomeMonthlyAnnual
Gross Rent$1,175$14,100
Vacancy Losses($94)($1,128)
Operating Income$1,081$12,972
ExpensesMonthlyAnnual
Property Taxes($117)($1,400)
Insurance($83)($994)
Management Fees($86)($1,038)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($94)($1,128)
Other$0$0
Operating Expenses($380)($4,560)
Net PerformanceMonthlyAnnual
Net Operating Income$701$8,412
- Mortgage Payments($532)($6,384)
= Cash Flow$169$2,028
+ Principal Reduction$141$1,694
+ First-Year Appreciation$700$8,400
= Gross Equity Income$1,010$12,122
+ Tax Savings$17$208
= GEI w/Tax Savings$1,027$12,330
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 Ratio1.32
Annual Gross Rent Multiplier10
Monthly Gross Rent Multiplier119
Capitalization Rate6.0%
Cash on Cash Return5%
Total Return on Investment28%
Total ROI with Tax Savings29%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage8%
Comments
Recently remodeled
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.