Property Information

IN ESCROW
Nice Investment
Evansville, 47713
3 bdrm/ 1 bath - Built 1905
Square Feet1,280
Initial Market Value$114,900
Purchase Price$114,900
Downpayment$28,725
Loan Origination Fees$1,724
Depreciable Closing Costs$4,596
Other Closing Costs and Fixup$0
Initial Cash Invested$35,045
Cost per Square Foot$90
Monthly Rent per Square Foot$0.74
IncomeMonthlyAnnual
Gross Rent$950$11,400
Vacancy Losses($76)($912)
Operating Income$874$10,488
ExpensesMonthlyAnnual
Property Taxes($86)($1,034)
Insurance($57)($689)
Management Fees($79)($944)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($76)($912)
Other$0$0
Operating Expenses($298)($3,579)
Net PerformanceMonthlyAnnual
Net Operating Income$576$6,909
- Mortgage Payments($393)($4,716)
= Cash Flow$183$2,193
+ Principal Reduction$135$1,619
+ First-Year Appreciation$575$6,894
= Gross Equity Income$892$10,705
+ Tax Savings$0$0
= GEI w/Tax Savings$892$10,705
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$86,175$0
Monthly Payment$393.00$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate3.625%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.46
Annual Gross Rent Multiplier10
Monthly Gross Rent Multiplier121
Capitalization Rate6.0%
Cash on Cash Return6%
Total Return on Investment31%
Total ROI with Tax Savings31%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee9%
Maintenance Percentage8%
Comments
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.