Do The Math On This Side-By-Side Duplex
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UP TO $4000 $5000 IN CLOSING COSTS PAID - For Limited Time Only!
scroll over see the offer:
+8% CAP RATE Property!
Side-By-Side Duplex!
Reduced To $179,000!
Consider The Following Possible Scenario:
Does It Pencil? Will It Make Cash Flow?
Price: $179,000
20% Down Payment: $35,800
Estimated Closing Costs: +/-$4,500 (Or Get Seller To Pay This!)
Total Cash Into Duplex Purchase: +/-$40,300
Mortgage Balance $143,200 @ 6% 20-years Means Est. Monthly Payment: +/-$1,025.92 ($12,311.04/year [+/-$5,151.04 Is Interest Tax Savings], REAL MONTHLY LOAN COST: +/-$7,160/YEAR)
Total Yearly NOI (Per REAL Figures): +/-$14,885.49
$14,885.49 - $7,160 = +/-$7,725.49/YEAR INCOME
$7,725.49 / $40,300 Cash Invested = +/-19.17% RETURN ON CASH (OR +21% In Seller Pays Closing Costs!!)
PLUS OWN AN ASSET OF $179,000 That May Add 2-3% Appreciation To Become A $182,580-184,370 Assest Within The Next Year. Increases Equity Of $40,300 An Additional 8.8% - 13.3%!
LET'S PUT IT TOGETHER!
See Your Lender And Have Them Pre-Approve You!
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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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