Property Information

IN ESCROW
Pre-Construction in Ocala
Ocala, FL 34473
NEW BLOCK Construction--> 3 BR, 2BA, 2 Car Garage
Square Feet1,357
Initial Market Value$165,900
Purchase Price$165,900
Downpayment$41,475
Loan Origination Fees$1,244
Depreciable Closing Costs$6,636
Other Closing Costs and Fixup$0
Initial Cash Invested$49,355
Cost per Square Foot$122
Monthly Rent per Square Foot$1.01
IncomeMonthlyAnnual
Gross Rent$1,375$16,500
Vacancy Losses($110)($1,320)
Operating Income$1,265$15,180
ExpensesMonthlyAnnual
Property Taxes($223)($2,671)
Insurance($41)($498)
Management Fees($101)($1,214)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($41)($495)
Other$0$0
Operating Expenses($407)($4,878)
Net PerformanceMonthlyAnnual
Net Operating Income$858$10,302
- Mortgage Payments($612)($7,345)
= Cash Flow$246$2,957
+ Principal Reduction$175$2,098
+ First-Year Appreciation$830$9,954
= Gross Equity Income$1,251$15,008
+ Tax Savings$0$4
= GEI w/Tax Savings$1,251$15,013
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$124,425$0
Monthly Payment$612.10$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.250%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.40
Annual Gross Rent Multiplier10
Monthly Gross Rent Multiplier121
Capitalization Rate6.2%
Cash on Cash Return6%
Total Return on Investment30%
Total ROI with Tax Savings30%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage3%
Comments
Estimated Completion: Feb-April 2021
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.