Projected After Refi Proforma
Sarasota, FL 34232
Built 2021 4 Bed 2.5 Bath
| Square Feet | 2,007 | | Initial Market Value | $529,900 | | Purchase Price | $529,900 | | Downpayment | $243,754 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $10,598 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $254,352 | | Cost per Square Foot | $264 | | Monthly Rent per Square Foot | $1.72 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $3,450 | $41,400 | | Vacancy Losses | ($276) | ($3,312) | | Operating Income | $3,174 | $38,088 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($358) | ($4,292) | | Insurance | ($132) | ($1,590) | | Management Fees | ($254) | ($3,047) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($75) | ($900) | | Maintenance | ($69) | ($828) | | Other | $0 | $0 | | Operating Expenses | ($888) | ($10,657) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,286 | $27,431 | | - Mortgage Payments | ($1,537) | ($18,445) | | = Cash Flow | $749 | $8,986 | | + Principal Reduction | $504 | $6,046 | | + First-Year Appreciation | $2,650 | $31,794 | | = Gross Equity Income | $3,902 | $46,826 | | + Tax Savings | $22 | $263 | | = GEI w/Tax Savings | $3,924 | $47,090 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 54% | 0% | | Loan Amount | $286,146 | $0 | | Monthly Payment | $1,537.08 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 26 Years | | | Interest Rate | 4.375% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.49 | | Annual Gross Rent Multiplier | 13 | | Monthly Gross Rent Multiplier | 154 | | Capitalization Rate | 5.2% | | Cash on Cash Return | 4% | | Total Return on Investment | 18% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 2% |
| Comments |
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| Projected After Refi Proforma |
*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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