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 802 Wayne St FinancialsLOAN ASSUMPTIONS
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8 units monthly rental income $ 5,050.00 LTV96.50%
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Interest Rate6.500%
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Amortization (Years)30
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Total Monthly $ 5,050.00 Term (Years)30
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Total Annual Potential $ 60,600.00
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Vacancy (0.00%) $ -
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Adjusted Gross Income $ 60,600.00
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Annual/UnitANNUAL EXPENSES% AGI
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2023 Taxes (Per GIS)-$ 5,558.78 -9.17%
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Insurance-$ 3,600.00 -5.94%
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Gas-$ 3,100.00 -5.12%
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Electricity (Tenants Pay) $ - 0.00%
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Water/Sewer/Trash-$ 3,120.00 -5.15%
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Landscaping-$ 200.00 -0.33%
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Maintenance/Repairs-$ 1,500.00 -2.48%
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Management $ 5,050.00 8.33%
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TOTAL EXPENSES*-$ 12,028.78 -19.85%
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Net Operating Income $ 48,571.22 80.15%
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Purchase Price $ 375,000.00
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Loan Amount $ 318,750.00
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Monthly Loan Payment-$ 2,014.72
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Total Monthly Payment (Excludes Escrows)-$ 2,014.72
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Annual Debt Service-$ 24,176.60
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Annual PMI $ -
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Total Annual Cost of Funds (Excludes Escrows)-$ 24,176.60
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Expected Annual Free Cash Flow $ 24,394.62
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Down Payment Required $ 56,250.00
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 $ -
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Total Initial Investment $ 56,250.00
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Owner's Monthly Income From Property $ 2,032.88
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*Assumes sef-management of property, tenants responsible for lawncare, and there are no maintenance costs included
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Cap Rate: Net Operating Income $44,921.22/ purchase price $375000
12.95%
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GRM: Purchase / Gross Rent Income 370,000 / 606006.188118812
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