Case Studies

Previous
property detail page
Next

1109 N. Howard St.

Purchase Closed Date
11/21/2011
Neighborhood
Northern Liberties
NRIA Complex
Residences @ H3
Gross Usable Square Feet
1,980
Bedrooms
4
Bathrooms
2.5
Special Amenities
Numerous

Equity Return

This Home's Final Appraised Value
$520,000.00
Less Total Cost:
Land Purchase Price
$117,000.00
New Construction Fixed Price
$243,506.00
Closing & Project Management Fees
$19,231.36
Total Cost
$379,737.36
Built-In Equity Profit
$140,262.64

DOWNLOADABLE DOCUMENTS:

View OurFEATURED PROPERTY

Net Cash-In Used

Cash-In Over 12 Months:
Historical NRIA Fee Deposit
$7,500.00
Construction Interest Paid on the Project
$27,324.57
Any Temporarily "Parked" Cash (Subsequently Returned At Refinance)
$0.00
Total Cash-In
$34,824.57

Less Cash Back Received at Refinance:
Total Cash Back
$(19,353.86)

The Net Cash that was Left In This Property
$54,178.43

Rent Benefits in Addition to Equity Return Above

Monthly Rental Cash-In Income
$2,700.00
Less Monthly Cash-Out Flow:
Mortgage
$1,947.21
HOA Fee
$135.00
Land Tax Only
$74.26
Insurance
$54.00
Property Management Fee
$50.00
Monthly Cash-Out Flow
$2,260.47
Monthly Positive Cash Flow
$439.53
Monthly Principal Pay Down of Your Mortgage
$525.34
Total Monthly Rent Benefit
$964.87
  x 12 Months
Annual Net Rent Benefit
$11,578.38

Annual Rent to Cash-In Returns

$11,578.38 Annual Net Rent Benefit
$54,178.43 The Net Cash that was Left In This Property
 =21.4%

5 Year Rent + Gross Equity Cash Out Return

(5 Years x $11,578.38 Annual Net Rent Benefit) + $140,262.64 Equity Return at Resale
$54,178.43 The Net Cash that was Left In This Property
 =
365.7%
5 Years
 
= 73.1% Per Annum