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BASIC PURCHASE INFORMATION
FINANCIAL PERFORMANCE SUMMARY
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Property Value (est.)$70,000Capitalization Rate12.4%
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Purchase Price$53,000Cash-on-Cash Return28.5%
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Down Payment$10,600Total Equity (Year 5)$46,230
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Equity at Purchase$27,600
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MORTGAGE CALCULATION
CALCULATION ASSUMPTIONS
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Interest Rate5.00%Rental Income (mo.)$750
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Down Payment20%Vacancy Allowance5%
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Loan Term (Fixed)30Maintenance Reserve3%
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Loan Amount$42,400Management Fee10%
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Annual Payment$2,731 Property Taxes$80
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Monthly Payment$228 Insurance$25
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Homeowners Assoc.$0
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Utilities$0
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Misc Expenses$0
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Rental Income Increase3%
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Property Tax Increase3%
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Utilities Increase4%
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Misc Expenses Increase4%
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CASH TO PURCHASEBuilding to Land Value Ratio75%
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Down Payment$10,600Appreciation Rate4%
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Closing Costs$1,272Closing Costs (Buy)3%
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Total Cash Required$11,872Closing Costs (Sell)8%
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