|
Gross Monthly Income |
Totals 5 |
|
920 24 |
1439 james |
3509 Queensboro |
1334 30 |
|
3163 16 |
|
Monthly Rental Income Unit#1 |
$5,750 |
|
$1,250 |
|
$1,300 |
|
$950 |
|
$1,250 |
|
$1,000 |
|
|
Monthly Expenses |
|
|
|
|
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City and County Taxes: |
$821 |
14.27% |
$206 |
16.50% |
$178 |
13.70% |
$161 |
16.91% |
$156 |
12.51% |
$119 |
11.92% |
|
Insurance: |
$500 |
8.70% |
$100 |
8.00% |
$100 |
7.69% |
$100 |
10.53% |
$100 |
8.00% |
$100 |
10.00% |
|
Water: |
Tenant Pays |
Tenant Pays |
Tenant Pays |
Tenant Pays |
Tenant Pays |
|
Tenant Pays |
|
User Fee (Garbage) |
Tenant Pays |
Tenant Pays |
Tenant Pays |
Tenant Pays |
Tenant Pays |
|
Tenant Pays |
|
lawn / Snow |
Tenant Pays |
Tenant Pays |
Tenant Pays |
Tenant Pays |
Tenant Pays |
|
Tenant Pays |
|
Gas/Electric |
Tenant Pays |
Tenant Pays |
Tenant Pays |
Tenant Pays |
Tenant Pays |
|
Tenant Pays |
|
Maintenance |
$250 |
4.35% |
$50 |
4.00% |
$50 |
3.85% |
$50 |
5.26% |
$50 |
4.00% |
$50 |
5.00% |
|
Management (10% Rent) |
Optional |
|
Optional |
Optional |
Optional |
Optional |
|
Optional |
|
Total Monthly Expenses |
$1,571 |
27.32% |
$356 |
28.50% |
$328 |
25.24% |
$311 |
32.70% |
$306 |
24.51% |
$269 |
26.92% |
|
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|
Cash Flow |
$4,179 |
|
$894 |
|
$972 |
74.76% |
$639 |
67.30% |
$944 |
75.49% |
$731 |
73.08% |
|
|
|
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|
|
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|
|
|
Net Purchase Price |
$525,000 |
|
$115,000 |
|
$116,000 |
|
$89,000 |
|
$115,000 |
|
$90,000 |
|
|
Down payment 25% + 6.5% C.Cost |
$165,375 |
31.50% |
$36,225 |
31.50% |
$36,540 |
31.50% |
$28,035 |
31.50% |
$36,225 |
31.50% |
$28,350 |
31.50% |
|
Finance Amount #1 |
$393,750 |
75.00% |
$86,250 |
75.00% |
$87,000 |
75.00% |
$66,750 |
75.00% |
$86,250 |
75.00% |
$67,500 |
75.00% |
|
Mortgage Est. Monthly |
$2,424 |
|
$531 |
|
$536 |
|
$411 |
|
$531 |
|
$416 |
|
|
Mortgage Est. |
$29,093 |
5.54% |
$6,373 |
7.39% |
$6,428 |
7.39% |
$4,932 |
7.39% |
$6,373 |
7.39% |
$4,987 |
7.39% |
|
Yearly Cash Flow: |
$50,152 |
30.33% |
$10,724 |
29.61% |
$11,663 |
31.92% |
$7,672 |
27.36% |
$11,323 |
31.26% |
$8,769 |
30.93% |
|
Cash on Cash (net after loan payments) |
$21,059 |
|
$4,352 |
|
$5,235 |
|
$2,740 |
|
$4,951 |
|
$3,782 |
|
|
Additional Income |
|
|
|
|
|
|
|
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|
Principal pay down est. |
$3,938 |
0.75% |
$863 |
0.75% |
$870 |
0.75% |
$668 |
0.75% |
$863 |
0.75% |
$675 |
0.75% |
|
Tax Benefit from Depreciation Approx. |
$4,295 |
0.82% |
$941 |
0.82% |
$949 |
0.82% |
$728 |
0.82% |
$941 |
0.82% |
$736 |
0.82% |
|
Appreciation approx. 5% annually |
$26,250 |
5.00% |
$5,750 |
5.00% |
$5,800 |
5.00% |
$4,450 |
5.00% |
$5,750 |
5.00% |
$4,500 |
5.00% |
|
Total Realized Income (net cash flow+Depreciation+Appreciation) |
$80,698 |
48.80% |
$17,415 |
48.08% |
$18,412 |
50.39% |
$12,850 |
45.84% |
$18,014 |
49.73% |
$14,006 |
49.40% |
|
Cap Rate: |
14.10% |
|
13.76% |
|
14.84% |
|
12.72% |
|
14.53% |
|
14.38% |
|
|
Recoup your out of pocket cash in less than: |
1 year |
|
1 Years |
|
1 Years |
|
1 Years |
|
1 Years |
|
1 Years |
|
|
After financing in place leaseback of 25% + 6.5% +1% |
$169,313 |
|
$37,088 |
|
$37,410 |
|
$28,703 |
|
$37,088 |
|
$29,025 |
|
|
Net Cash back at closing |
$3,938 |
0.75% |
$863 |
0.75% |
$870 |
0.75% |
$668 |
0.75% |
$863 |
0.75% |
$675 |
0.75% |
|
Property Info |
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Parcel# |
|
|
36-31-16-65376-000-0220 |
25-31-16-17694-000-0120 |
27-31-16-75402-000-0550 |
26-31-16-72846-000-0440 |
26-31-16-89676-002-0100 |
|
Plat Book/Page |
|
|
019/042 |
|
010/005 |
|
005/081 |
|
008/009 |
|
009/096 |
|
|
Frontage |
|
|
61.5 |
|
53 |
|
100 |
|
45 |
|
99 |
|
|
Depth |
|
|
0 |
|
102 |
|
120 |
|
124 |
|
112 |
|
|
Square Ft. |
|
|
1720 |
|
1148 |
|
840 |
|
1302 |
|
1224 |
|
|
Year Built |
|
|
1910 |
|
1946 |
|
1925 |
|
1952 |
|
1925 |
|
|
Bed Rooms |
|
|
5 |
|
5 |
|
3 |
|
5 |
|
3 |
|
|
Baths |
|
|
2 |
|
2 |
|
1 |
|
1 |
|
1 |
|
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Variables |
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Down Payment |
25% |
|
|
|
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|
|
|
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|
|
Closing Costs |
7% |
|
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Interest Rate |
6% |
|
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Mortgage Term |
30 |
|
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Finance % #1 |
75% |
|
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Finance % #2 |
0% |
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Net Purchase Price |
0 |
|
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leaseback |
32% |
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