PROPERTY INFORMATION

Type

     Single Family House

Floor Area 

     1,137 sq ft.

Lot Area

     7,971 sq ft

Bedrooms

     3

Bathrooms

     1.5

Garage

     Carport

Year Built

     1967

Neighborhood

     Parkway Village-Oakhaven

 

CASH REQUIRED

Down payment (20% of Purchase Price)

     $18,000

Closing Cost (6%)

     $5,400

Cash Needed

      $23,400

Optional

     $500 fee for 50 years roof warranty 

SAMPLE AMORTIZATION COMPUTATION

Purchase Price: $90,000

Down Payment: $18,000

Loan Amount: $72,000

Amortization Period: 30 Years

Loan Interest Rate: 4.5%

Monthly Mortgage: $364.81

PROPERTY HIGHLIGHTS

  • Fully Renovated House

  • Buy with only 20% down payment

  • 16% First Year Projected Cash on Cash Return

ESTIMATED PROJECTED CORE FINANCIALS

(Year 1)

Monthly Rent: $900

Gross Annual Income: $10,800

Annual Property Tax: $495.96

Annual Insurance: $540.00

Vacancy (4.17%): $450.36

Annual Management: $876

Annual Repairs: $276

Monthly Mortgage: $364.81

Cap Rate: 9.07%

Cash on Cash Return: 16.17% 

NOI: $3,783.96

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