Do The Math On This Side-By-Side Duplex
|
|
REDUCED: $169,900 [<$85,000/Side]
+8.5% CAP RATE!
scroll over see the offer:
Consider The Following Possible Scenario:
Does It Pencil? Will It Cash Flow? - YES!
Price: $169,900
Lender Required 20% Down Payment: $33,980
Estimated Closing Costs: +/-$4,381
Total Cash Into Duplex Purchase: +/-$38,361
Mortgage Balance $135,920 @ 6% 20-years Means Est. Monthly Payment: +/-$973.77 ($11,685.24/year [+/-$4,889.24 Is Interest Tax Savings], REAL YEARLY PRINCIPLE LOAN COST: +/-$6,796/YEAR)
Total Yearly NOI (Per REAL Figures): +/-$14,466.49
$14,466.49 - $6,796 = +/-$7,670.51/YEAR INCOME ($639.20/MO)
$7,670.51 / $38,361 Cash Invested = +/-19.99% RETURN ON CASH
IN 2009 THERE WAS +9% APPRECIATION IN AREA 4 - WHERE THIS SIDE-BY-SIDE DUPLEX IS LOCATED!
LET'S PUT IT TOGETHER!
See Your Lender And Have Them Pre-Approve You!
Agent Owned.
|
|
|
How Much Can You Afford?
|
|
|
 |
Our calculators will help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying. Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs. To email yourself a copy of the results, click the Receive this Detailed Analysis link.
 |
|
| |
|
|
Required
|
Optional
|
Results
|
Receive this Detailed Analysis
|
|
|
|
|
|
Your Monthly Payments
|
| |
| Loan Amount: |
|
|
|
| Loan Insurance (
%): |
|
|
|
| Total Loan(Mortgage) Amount: |
|
|
|
| |
|
|
|
| Principal & Interest: |
|
|
|
| Homeowners Insurance: |
|
|
|
| Property Taxes: |
|
|
|
| Condo Fees: |
|
|
|
| Monthly Loan Insurance (%): |
|
|
|
| Total Monthly Payment: |
|
|
|
| |
|
|
|
|
|
|