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Sale Price:
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Down Payment ~20%:
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Estimated Closing Cost %:
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Monthly Payment P/I ~6%:
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Yearly Real Estate Taxes:
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Yearly HOA Fees:
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Monthly Rent:
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Yearly Homeowners Insurance:
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Total Investment
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Purchase Price:
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$170,000.00
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Down Payment:
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$34,000.00
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Mortgage:
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$136,000.00
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Estimated Closing Costs
3.00 %:
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$4,080.00
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Total Investment:
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$38,080.00
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First Year Returns
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Rent (12 Months):
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$22,200.00
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Management Fees (12 Months):
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$2,220.00
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First Year Net Income (12 months):
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$7,188.32
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First Year Option Price:
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$204,000.00
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Estimated Closing Costs on Option Purchase
3.00 %:
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$6,120.00
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Net Gain From Sale:
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$23,800.00
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Total Return (If Option Exercised at End of Year 1):
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$30,988.32
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As a Percentage:
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81.38 %
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Second Year Returns
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Rent (24 Months):
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$44,400.00
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Management Fees (24 Months):
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$4,440.00
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Second Year Net Income (24 months):
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$14,376.64
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Second Year Option Price:
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$204,000.00
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Net Gain From Sale:
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$23,800.00
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Estimated Closing Costs on Option Purchase
3.00 %:
|
$6,120.00
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Total Return (If Option Exercised at End of Year 2):
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$38,176.64
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As a Percentage:
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100.25 %
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As an Annual Percentage:
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50.13 %
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Third Year Returns
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Rent (36 Months):
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$66,600.00
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Management Fees (36 Months):
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$6,660.00
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Third Year Net Income (36 months):
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$21,564.96
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Third Year Option Price:
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$224,400.00
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Net Gain From Sale:
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$36,856.00
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Estimated Closing Costs on Option Purchase
6.00 %:
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$13,464.00
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Total Return (If Option Exercised at End of Year 3):
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$58,420.96
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As a Percentage:
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153.42 %
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As an Annual Percentage:
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51.14 %
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Fourth Year Returns
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Rent (48 Months):
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$88,800.00
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Management Fees (48 Months):
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$6,660.00
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Fourth Year Net Income (48 months):
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$30,973.28
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Fourth Year Option Price:
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$224,400.00
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Net Gain From Sale:
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$36,856.00
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Estimated Closing Costs on Option Purchase
6.00 %:
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$13,464.00
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Total Return (If Option Exercised at End of Year 4):
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$67,829.28
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As a Percentage:
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178.12 %
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As an Annual Percentage:
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44.53 %
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