Do The Math On This Side-By-Side Duplex
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3,360-SF!
Each Side: 2-Bd, 1-Ba,
1-Car Gar. Fenced Yards, A/C
Side-By-Side Duplex
Consider The Following Possible Scenario:
Does It Pencil? Will It Cash Flow?
If The Accepted Price Were: $188,000
Lender Required 20% Down Payment: $37,600
Estimated Closing Costs: +/-$4,850
Total Cash Into Duplex Purchase: +/-$42,450
Mortgage Balance $150,400 @ 5% 20-years Means Est. Monthly Payment: +/-$992.57 ($11,910.84/year [+/-$4,390.84/yr Is Interest Tax Savings], REAL YEARLY PRINCIPLE LOAN PAYDOWN: +/-$7,520/YEAR)
Total Yearly NOI (Per REAL Figures): +/-$15,346.50
$15,346.50 - $11,910.84 = +/-$3,435.16/YEAR INCOME ($286.26/MO)
Add Back Mortgage Interest Tax Right-off (+/-$3,435.16 + $4,390.84)Means +/-$7,826 / $42,450 Cash Invested = +/-18.43% CASH & MORTGAGE INTEREST TAX SAVINGS RETURN ON TOTAL CASH INTO DUPLEX!
NOTICE: Offering is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding acreage, square feet, etc., are intended only as general guidelines and have been provided by sources deemed reliable, but not guaranteed. Prospective buyer(s) should verify all information to their satisfaction.
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Sealed Bid Season Is Ready To Go! Get Involved By August 31 - 2011!
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SEALED BID AUCTION SEASON IS UPON US! GET IT SOLD THIS SPRING BY SEALED BID AUCTION!  | >115% Reimbursement On All Seller Marketing Deposits!
>ALL Gross Commission Rates Starting At Only 5.5%** [**After Seller Marketing Deposit Reimbursement Upon Closing - Gross Commission Cost To Seller Should Be Under 5%!]
Get The Most Dynamic - Showcase Marketing Campaign For Your Property - Custom Designed Specifically To Get Your Property Sold By Sealed Bid Within The Next 15-45 Days From List-Day!
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LIST-DAY DEADLINE
FOR SEALED BID AUCTION
CAMPAIGN :
MARCH 5, 2011
Email Now To Get Involved!
Let Me Know - "I Want To Seal Bid It!" |
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How Much Can You Afford?
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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.
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| Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate) |
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