Property Information

IN ESCROW
Investment Opportunity
Hammond, IN 46324
3 Bed 1 Bath Home | Built in 1953
Square Feet800
Initial Market Value$125,000
Purchase Price$125,000
Downpayment$31,250
Loan Origination Fees$938
Depreciable Closing Costs$6,250
Other Closing Costs and Fixup$0
Initial Cash Invested$38,438
Cost per Square Foot$156
Monthly Rent per Square Foot$1.69
IncomeMonthlyAnnual
Gross Rent$1,350$16,200
Vacancy Losses($108)($1,296)
Operating Income$1,242$14,904
ExpensesMonthlyAnnual
Property Taxes($208)($2,500)
Insurance($63)($750)
Management Fees($124)($1,490)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($108)($1,296)
Other$0$0
Operating Expenses($503)($6,036)
Net PerformanceMonthlyAnnual
Net Operating Income$739$8,868
- Mortgage Payments($461)($5,534)
= Cash Flow$278$3,333
+ Principal Reduction$132$1,580
+ First-Year Appreciation$625$7,500
= Gross Equity Income$1,034$12,414
+ Tax Savings$0$0
= GEI w/Tax Savings$1,034$12,414
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$93,750$0
Monthly Payment$461.19$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.250%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.60
Annual Gross Rent Multiplier8
Monthly Gross Rent Multiplier93
Capitalization Rate7.1%
Cash on Cash Return9%
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.