117 QUARRY ST. #3

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Purchase Closed Date
03/02/2015
Neighborhood
Center City
NRIA Complex
The Quarry
Gross Usable Square Feet
3,000
Bedrooms
3
Bathrooms
4
Special Amenities
Numerous

Equity Return

This Home's Final Appraised Value
$1,268,000.00
Less Total Cost:
Land Purchase Price
$250,000.00
New Construction Fixed Price
$471,492.00
Closing & Project Management Fees
$26,628.00
Total Cost
$748,120.00
Built-In Equity Profit
$519,880.00

DOWNLOADABLE DOCUMENTS:

View OurFEATURED PROPERTY

Net Cash-In Used

Cash-In Over 12 Months:
Historical NRIA Fee Deposit
$11,900.00
Construction Interest Paid on the Project
$26,700.00
Any Temporarily "Parked" Cash (Subsequently Returned At Refinance)
$185,000.00
Total Cash-In
$223,600.00

Less Cash Back Received at Refinance:
Total Cash Back
$185,000.00

The Net Cash that was Left In This Property
$38,600.00

Rent Benefits in Addition to Equity Return Above

Monthly Rental Cash-In Income
$4,400.00
Less Monthly Cash-Out Flow:
Mortgage
$3,891.00
HOA Fee
$0.00
Land Tax Only
$67.00
Insurance
$63.00
Property Management Fee
$50.00
Monthly Cash-Out Flow
$4,071.00
Monthly Positive Cash Flow
$329.00
Monthly Principal Pay Down of Your Mortgage
$1,050.00
Total Monthly Rent Benefit
$1,379.00
  x 12 Months
Annual Net Rent Benefit
$16,548.00

Annual Rent to Cash-In Returns

$16,548.00 Annual Net Rent Benefit
$38,600.00 The Net Cash that was Left In This Property
 =42.0%

5 Year Rent + Gross Equity Cash Out Return

(5 Years x $16,548.00 Annual Net Rent Benefit) + $519,880.00 Equity Return at Resale
$38,600.00 The Net Cash that was Left In This Property
 =
1,561.0%
5 Years
 
= 312.2% Per Annum