151 2ND ST. #4

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Purchase Closed Date
02/12/2015
Neighborhood
Center City
NRIA Complex
Fireman's Place
Gross Usable Square Feet
2,200
Bedrooms
3
Bathrooms
2.5
Special Amenities
Numerous

Equity Return

This Home's Final Appraised Value
$1,325,000.00
Less Total Cost:
Land Purchase Price
$300,000.00
New Construction Fixed Price
$511,700.00
Closing & Project Management Fees
$27,300.00
Total Cost
$839,000.00
Built-In Equity Profit
$486,000.00

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
$29,520.00
Any Temporarily "Parked" Cash (Subsequently Returned At Refinance)
$209,000.00
Total Cash-In
$250,420.00

Less Cash Back Received at Refinance:
Total Cash Back
$209,000.00

The Net Cash that was Left In This Property
$41,420.00

Rent Benefits in Addition to Equity Return Above

Monthly Rental Cash-In Income
$4,600.00
Less Monthly Cash-Out Flow:
Mortgage
$4,460.00
HOA Fee
$0.00
Land Tax Only
$67.00
Insurance
$63.00
Property Management Fee
$50.00
Monthly Cash-Out Flow
$4,640.00
Monthly Positive Cash Flow
$(40.00)
Monthly Principal Pay Down of Your Mortgage
$1,086.58
Total Monthly Rent Benefit
$1,046.58
  x 12 Months
Annual Net Rent Benefit
$12,559.00

Annual Rent to Cash-In Returns

$12,559.00 Annual Net Rent Benefit
$41,420.00 The Net Cash that was Left In This Property
 =30.0%

5 Year Rent + Gross Equity Cash Out Return

(5 Years x $12,559.00 Annual Net Rent Benefit) + $486,000.00 Equity Return at Resale
$41,420.00 The Net Cash that was Left In This Property
 =
264.8%
5 Years
 
= 1,324.0% Per Annum