4.375% Rare Creative Financing!
Sarasota, FL 34232
Built 2021 4 Bed 2.5 Bath
| Square Feet | 2,007 | | Initial Market Value | $529,900 | | Purchase Price | $529,900 | | Downpayment | $132,475 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $10,598 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $143,073 | | Cost per Square Foot | $264 | | Monthly Rent per Square Foot | $1.59 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $3,200 | $38,400 | | Vacancy Losses | ($256) | ($3,072) | | Operating Income | $2,944 | $35,328 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($358) | ($4,292) | | Insurance | ($132) | ($1,590) | | Management Fees | ($236) | ($2,826) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($75) | ($900) | | Maintenance | ($64) | ($768) | | Other | $0 | $0 | | Operating Expenses | ($865) | ($10,376) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,079 | $24,952 | | - Mortgage Payments | ($2,255) | ($27,058) | | = Cash Flow | ($176) | ($2,107) | | + Principal Reduction | $518 | $6,218 | | + First-Year Appreciation | $2,650 | $31,794 | | = Gross Equity Income | $2,992 | $35,905 | | + Tax Savings | $334 | $4,009 | | = GEI w/Tax Savings | $3,326 | $39,915 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 63% | 12% | | Loan Amount | $333,837 | $63,588 | | Monthly Payment | $1,724.97 | $529.90 | | Loan Type | Amortizing Fixed | Interest Only Fixed | | Term | 28 Years | 2 Years | | Interest Rate | 4.375% | 10.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 0.92 | | Annual Gross Rent Multiplier | 14 | | Monthly Gross Rent Multiplier | 166 | | Capitalization Rate | 4.7% | | Cash on Cash Return | -1% | | Total Return on Investment | 25% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 2% |
| Comments |
|---|
| Sub To Low Rate Mortgage at 4.375% |
*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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