Property Information

IN ESCROW
Great investment property!
Alexandria, IN 46001
4 Bdrm / 2 Bath - Built 1966
Square Feet2,004
Initial Market Value$159,900
Purchase Price$159,900
Downpayment$39,975
Loan Origination Fees$1,199
Depreciable Closing Costs$6,396
Other Closing Costs and Fixup$0
Initial Cash Invested$47,570
Cost per Square Foot$80
Monthly Rent per Square Foot$0.64
IncomeMonthlyAnnual
Gross Rent$1,275$15,300
Vacancy Losses($102)($1,224)
Operating Income$1,173$14,076
ExpensesMonthlyAnnual
Property Taxes($43)($512)
Insurance($60)($720)
Management Fees($94)($1,126)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($102)($1,224)
Other$0$0
Operating Expenses($298)($3,581)
Net PerformanceMonthlyAnnual
Net Operating Income$875$10,495
- Mortgage Payments($590)($7,080)
= Cash Flow$285$3,415
+ Principal Reduction$168$2,022
+ First-Year Appreciation$800$9,594
= Gross Equity Income$1,253$15,031
+ Tax Savings$0$0
= GEI w/Tax Savings$1,253$15,031
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$119,925$0
Monthly Payment$589.96$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.250%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.48
Annual Gross Rent Multiplier10
Monthly Gross Rent Multiplier125
Capitalization Rate6.6%
Cash on Cash Return7%
Total Return on Investment32%
Total ROI with Tax Savings32%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage8%
Comments
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.