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1121(B) N. Howard St.

Purchase Closed Date
12/06/2011
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
$22,211.36
Total Cost
$382,717.36
Built-In Equity Profit
$137,282.64

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
$19,343.17
Any Temporarily "Parked" Cash (Subsequently Returned At Refinance)
$117,000.00
Total Cash-In
$143,843.17

Less Cash Back Received at Refinance:
Total Cash Back
$116,039.28

The Net Cash that was Left In This Property
$27,803.89

Rent Benefits in Addition to Equity Return Above

Monthly Rental Cash-In Income
$2,650.00
Less Monthly Cash-Out Flow:
Mortgage
$2,034.42
HOA Fee
$135.00
Land Tax Only
$58.00
Insurance
$54.00
Property Management Fee
$50.00
Monthly Cash-Out Flow
$2,331.42
Monthly Positive Cash Flow
$318.58
Monthly Principal Pay Down of Your Mortgage
$490.67
Total Monthly Rent Benefit
$809.25
  x 12 Months
Annual Net Rent Benefit
$9,711.00

Annual Rent to Cash-In Returns

$9,711.00 Annual Net Rent Benefit
$27,803.89 The Net Cash that was Left In This Property
 =34.9%

5 Year Rent + Gross Equity Cash Out Return

(5 Years x $9,711.00 Annual Net Rent Benefit) + $137,282.64 Equity Return at Resale
$27,803.89 The Net Cash that was Left In This Property
 =
668.4%
5 Years
 
= 133.7% Per Annum