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Property InfoIncome and Expense Info
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Purchase Price$100,000.00Monthly Income At full capacity$3,000.00
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Current Appraisal$200,000.00Other Monthly Income
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Mortgage balance$50,000.00Monthly HOA
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Equity40000Monthly Property Management Fee
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Monthly Property Taxes$580.00
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Monthly Insurance Costs$500.00
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Net Operating IncomeOther Monthly Expenses$1,200.00
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Income at Full Occ$36,000.00
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Other Income$0.00
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Less Vacancy/Collection Loss$3,000.00
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Effective Gross Income$33,000.00
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HOA Fees$0.00
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Property Management Fee$0.00
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Taxes and Insurance$12,960.00
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Maintenance/Repairs$2,000.00
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Other Operating Expenses$14,400.00
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Net Operating Income$3,640.00
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Cap Rate**^3.64%The Cap rate is a common ratio for evaluating income generating real estate. It is the rate of return you would get on the property if you paid all cash. Ideally would like to see this # around 10%, but no less than 6%.
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**Note: Cap Rate assumes stable NOI in future years
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^ Should be at minimum 6%
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Assumes One vacant month every year
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Assumes 10% management Fee
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Estimated @ 1% of Appraised value per year; Per Zillow
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