| |
|
|
|
| Year Built |
1964 |
|
| Sq Footage |
1594 |
|
| Bedrooms |
4 |
|
| Bathrooms |
3 Partial |
|
| Floors |
|
|
| Parking |
|
|
| Lot Size |
11325 Sq. Feet |
|
| HOA/Maint |
|
|
| Market value |
$100,000 |
|
| Purchase price |
$80,000 |
|
| Loan amount |
$60,000 |
|
| Down payment |
$20,000 |
|
| Built in equity |
$20,000 |
|
| |
|
|
| Rental Income |
$825 |
|
| Vacancy (8%) |
$66 |
|
| Property Management |
$61 |
|
| Property Taxes |
$115 |
|
| Insurance |
$42 |
|
|
| Repairs |
$50 |
|
|
| Net Monthly Income |
$492 |
|
|
| Net Annual Income |
$5,904 |
|
|
| |
|
|
|
| Annual Debt Service |
(4,086) |
|
|
| Cash flow after debt service |
1,818 |
|
|
| Tax benefits |
698 |
|
|
| Cash Flow ROI w/ 20 % down |
12.58% |
|
|
| Total Increase in Wealth |
25,904 |
|
|
| Return on Investment |
33%% |
|
|
| |
|
|
|
|
Fully renovated home. Great investment property. Rents for $825/month. Property just appraised for $100,000 and we are selling for $80,000 (80% of the market value). Great deal!
|
| |
|
|
|
|
