PROPERTY INFORMATION

Type

     Single Family House

Floor Area 

     1,446 sq ft.

Lot Area

     12,785 sq ft

Bedrooms

     4

Bathrooms

     2

Garage

     Carport

Year Built

     1962

Neighborhood

     Alta Vista

 

CASH REQUIRED

Down payment (20% of Purchase Price)

     $18,200

Closing Cost (3%)

     $2,820

Cash Needed

      $21,620

Optional

     $500 fee for 50 years roof warranty 

SAMPLE AMORTIZATION COMPUTATION

Purchase Price: $94,000

Down Payment: $18,800

Loan Amount: $75,200

Amortization Period: 30 Years

Loan Interest Rate: 5%

Monthly Mortgage: $403.69

PROPERTY HIGHLIGHTS

  • Fully Renovated House

  • Buy with only 20% down payment

  • 23% First Year Projected Cash on Cash Return

ESTIMATED PROJECTED CORE FINANCIALS

(Year 1)

Monthly Rent: $950

Gross Annual Income: $11,400

Annual Property Tax: $655

Annual Insurance: $540

Vacancy (4.17%): $475

Monthly Mortgage: $403.69

Cap Rate: 10.35%

Cash on Cash Return: 23% 

NOI: $4,882

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