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1237 Crease St.

Purchase Closed Date
07/06/2012
Neighborhood
Fishtown
NRIA Complex
Crease Court
Gross Usable Square Feet
1,794
Bedrooms
3
Bathrooms
3.0
Special Amenities
Numerous

Equity Return

This Home's Final Appraised Value
$430,000.00
Less Total Cost:
Land Purchase Price
$46,428.00
New Construction Fixed Price
$238,122.00
Closing & Project Management Fees
$27,290.31
Total Cost
$311,840.31
Built-In Equity Profit
$118,159.69

DOWNLOADABLE DOCUMENTS:

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Net Cash-In Used

Cash-In Over 12 Months:
Historical NRIA Fee Deposit
$7,500.00
Construction Interest Paid on the Project
$22,056.30
Any Temporarily "Parked" Cash (Subsequently Returned At Refinance)
$0.00
Total Cash-In
$29,566.30

Less Cash Back Received at Refinance:
Total Cash Back
$0.00

The Net Cash that was Left In This Property
$29,556.30

Rent Benefits in Addition to Equity Return Above

Monthly Rental Cash-In Income
$2,500.00
Less Monthly Cash-Out Flow:
Mortgage
$1,831.12
HOA Fee
$135.00
Land Tax Only
$19.00
Insurance
$62.50
Property Management Fee
$50.00
Monthly Cash-Out Flow
$2,097.62
Monthly Positive Cash Flow
$402.38
Monthly Principal Pay Down of Your Mortgage
$353.00
Total Monthly Rent Benefit
$755.38
  x 12 Months
Annual Net Rent Benefit
$9,064.50

Annual Rent to Cash-In Returns

$9,064.50 Annual Net Rent Benefit
$29,556.30 The Net Cash that was Left In This Property
 =30.7%

5 Year Rent + Gross Equity Cash Out Return

(5 Years x $9,064.50 Annual Net Rent Benefit) + $118,159.69 Equity Return at Resale
$29,556.30 The Net Cash that was Left In This Property
 =
553.1%
5 Years
 
= 110.6% Per Annum