$ Increased rent over years $ Increased value of the house over the years $ Principal pay off from mortgage payment $ Increased equity and Tax write offs http://www.youtube.com/watch_popup?v=FC16-4fh-Qc 1706 Marie, Irving, TX Rental Analysis to own 75060 Remarks
Value of the property $110,000.00 Value based on comparable sales
Rental Income $1,199.00 $1,199.00
Price you Pay $96,800.00 Monthly Expenses 5% Provision for Vacancy $59.95 $59.95 Keep aside for anticipated vacancy if any Operating Cost Taxes and Insurance monthly (Approx) $260.83 Keep aside for Home Warranty to cover any major Provison for Repairs and maintenance 5% $59.95 repairs Fees paid to Property Management Company if you don't Property Management 10% $119.90 want to manage Total Expenses $440.68 $440.68 Total Before Mortgage $500.63 $500.63 Actual Mortgage payment @6% interest $96,800.00 $464.65 Monthly Mortgage payment after 20% down payment Expected Cash Flow after all expenses $233.72 Net Cash savings every month
Cash Investment: 20% through Down
Payment $19,360 First Year Return Return % Potential equity based on 95% of $110000 leaving 5% Instant Equity @95% value $7,700 40% for expenses Principal Pay Off $900 5% Principal amount paid off through mortgage payments Appreciation of property @ 2% a year Average appreciation of property. With expected inflation average $2,200 11% it could be more Rental Cash Flow $2,805 14% Amount of cash flow from rent after all expenses Potential Return for the first year 70% Disclaimer: Real estate investments are risky. They don't provide fixed returns and past performance doesn't guarantee future results. All real estate investments entail the risk of loss. Returns vary depending on market condition. No assurance is given that anything described here will be successful. Information published do not form the basis of any contract or commitment whatsoever. All user experiences are unique and you may do better or worse than those shown. No representation Is being made that these results can or will be obtained in the future, or that losses were not incurred subsequent to the date on which any testimonials are provided. Only risk capital should be used.