Nice Investment
Evansville, 47713
3 bdrm/ 1 bath - Built 1905
Square Feet | 1,280 | 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 |
Income | Monthly | Annual |
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Gross Rent | $950 | $11,400 | Vacancy Losses | ($76) | ($912) | Operating Income | $874 | $10,488 |
Expenses | Monthly | Annual |
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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 Performance | Monthly | Annual |
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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 Info | First | Second |
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Loan-to-Value Ratio | 75% | 0% | Loan Amount | $86,175 | $0 | Monthly Payment | $393.00 | $0.00 | Loan Type | Amortizing Fixed | | Term | 30 Years | | Interest Rate | 3.625% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
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Debt Coverage Ratio | 1.46 | Annual Gross Rent Multiplier | 10 | Monthly Gross Rent Multiplier | 121 | Capitalization Rate | 6.0% | Cash on Cash Return | 6% | Total Return on Investment | 31% | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 8% | Management Fee | 9% | 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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