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ACQUISITION BREAK DOWN
Listed Price:
$749,000
Purchase Price:
$675,000
Down Payment
$168,750
Mortgage
$506,250
PROPERTY RENT ROLL
3rd Floor: 1,600 (Free market tenant)
2nd Floor: $1,500 (Section 8) (Can be increased once lease expires in January)
1st Floor: $2,400 (Vacant)
Total Rent: $5,500 (Monthly)
Total Rent: $66,000(Annually)
PROPERTY EXPENSES
Mortgage Payment
$33,425 (Annually)
Property Tax
$1,030 (Annually)
Water Bill
$3,000 (Annually)
Insurance Payment
$2,100 (Annually)
Heat/Gas Bill
Paid By Tenant/Program
Electric Bill
Paid By Tenant/Program
FINANCE OVERVIEW
Gross Income (Annually)
$66,000 Per Year
Property Expenses (Annually)
$39,555 Per Year
Net Property Revenue (Annually)
$26,445 Per Year
Cash Return On Investment
$168,750 + 4.5% (OF PP) (Closing Costs) = $199,125 (Needed At Closing). (If We Negotiate 6% Seller Concession) $158,625 (Needed At Closing)
$26,445/$199,125 = 13.30% (Cash On Cash Return)
$26,445/$158,625 = 16.70% (Cash On Cash Return)
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