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$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
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($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 InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$105,000$0
Monthly Payment$697.86$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate6.990%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.00
Annual Gross Rent Multiplier10
Monthly Gross Rent Multiplier119
Capitalization Rate6.0%
Cash on Cash Return0%
Total Return on Investment21%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
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.