143 HANCOCK ST.

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Purchase Closed Date
12/31/2015
Neighborhood
Society Hill
NRIA Complex
Adagio II
Gross Usable Square Feet
3860
Bedrooms
4
Bathrooms
4.5
Special Amenities
Entertainment Suite, Roof Deck w/ Gourmet Kitchen & Jacuzzi, 6 Stop Elevator

Equity Return

This Home's Final Appraised Value
$2,600,000.00
Less Total Cost:
Land Purchase Price
$800,000.00
New Construction Fixed Price
$1,065,000.00
Closing & Project Management Fees
$52,500.00
Total Cost
$1,917,500.00
Built-In Equity Profit
$682,500.00

DOWNLOADABLE DOCUMENTS:

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Net Cash-In Used

Cash-In Over 12 Months:
Historical NRIA Fee Deposit
$11,900.00
Construction Interest Paid on the Project
$96,470.00
Any Temporarily "Parked" Cash (Subsequently Returned At Refinance)
$479,000.00
Total Cash-In
$587,370.00

Less Cash Back Received at Refinance:
Total Cash Back
$253,300.00

The Net Cash that was Left In This Property
$334,070.00

Rent Benefits in Addition to Equity Return Above

Monthly Rental Cash-In Income
$ 8,500.00
Less Monthly Cash-Out Flow:
Mortgage
$7,835.00
HOA Fee
$165.00
Land Tax Only
$367.00
Insurance
$83.00
Property Management Fee
$50.00
Monthly Cash-Out Flow
$8,500.00
Monthly Positive Cash Flow
$0.00
Monthly Principal Pay Down of Your Mortgage
$2,849.00
Total Monthly Rent Benefit
$2,849.00
  x 12 Months
Annual Net Rent Benefit
$34,188.00

Annual Rent to Cash-In Returns

$34,188.00 Annual Net Rent Benefit
$334,070.00 The Net Cash that was Left In This Property
 =10.0%

5 Year Rent + Gross Equity Cash Out Return

(5 Years x $34,188.00 Annual Net Rent Benefit) + $682,500.00 Equity Return at Resale
$334,070.00 The Net Cash that was Left In This Property
 =
255.0%
5 Years
 
= 51.0% Per Annum