Great investment property!
Alexandria, IN 46001
4 Bdrm / 2 Bath - Built 1966
| Square Feet | 2,004 | | Initial Market Value | $159,900 | | Purchase Price | $159,900 | | Downpayment | $39,975 | | Loan Origination Fees | $2,698 | | Depreciable Closing Costs | $6,396 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $49,069 | | Cost per Square Foot | $80 | | Monthly Rent per Square Foot | $0.64 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,275 | $15,300 | | Vacancy Losses | ($102) | ($1,224) | | Operating Income | $1,173 | $14,076 |
| Expenses | Monthly | Annual |
|---|
| 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 Performance | Monthly | Annual |
|---|
| Net Operating Income | $875 | $10,495 | | - Mortgage Payments | ($797) | ($9,565) | | = Cash Flow | $77 | $930 | | + Principal Reduction | $102 | $1,221 | | + First-Year Appreciation | $800 | $9,594 | | = Gross Equity Income | $979 | $11,745 | | + Tax Savings | $78 | $938 | | = GEI w/Tax Savings | $1,057 | $12,682 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $119,925 | $0 | | Monthly Payment | $797.06 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.990% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.10 | | Annual Gross Rent Multiplier | 10 | | Monthly Gross Rent Multiplier | 125 | | Capitalization Rate | 6.6% | | Cash on Cash Return | 2% | | Total Return on Investment | 24% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 8% |
*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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