Cash flow currently under renovation
Lakeland, FL 33805
3/2 1964
Square Feet | 1,204 | Initial Market Value | $140,000 | Purchase Price | $140,000 | Downpayment | $35,000 | Loan Origination Fees | $2,363 | Depreciable Closing Costs | $7,000 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $44,363 | Cost per Square Foot | $116 | Monthly Rent per Square Foot | $0.98 |
Income | Monthly | Annual |
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Gross Rent | $1,175 | $14,100 | Vacancy Losses | ($94) | ($1,128) | Operating Income | $1,081 | $12,972 |
Expenses | Monthly | Annual |
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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 Performance | Monthly | Annual |
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Net Operating Income | $701 | $8,412 | - Mortgage Payments | ($698) | ($8,374) | = Cash Flow | $3 | $38 | + Principal Reduction | $89 | $1,069 | + First-Year Appreciation | $700 | $8,400 | = Gross Equity Income | $792 | $9,507 | + Tax Savings | $92 | $1,105 | = GEI w/Tax Savings | $884 | $10,611 |
| Mortgage Info | First | Second |
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Loan-to-Value Ratio | 75% | 0% | Loan Amount | $105,000 | $0 | Monthly Payment | $697.86 | $0.00 | Loan Type | Amortizing Fixed | | Term | 30 Years | | Interest Rate | 6.990% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
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Debt Coverage Ratio | 1.00 | Annual Gross Rent Multiplier | 10 | Monthly Gross Rent Multiplier | 119 | Capitalization Rate | 6.0% | Cash on Cash Return | 0% | Total Return on Investment | 21% | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 8% | Management Fee | 8% | Maintenance Percentage | 8% |
Comments |
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Recently remodeled | *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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