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412 N. Front St. #16

Purchase Closed Date
08/21/2012
Neighborhood
Northern Liberties
NRIA Complex
412 Luxe
Gross Usable Square Feet
1,920
Bedrooms
3
Bathrooms
2.5
Special Amenities
Numerous

Equity Return

This Home's Final Appraised Value
$640,000.00
Less Total Cost:
Land Purchase Price
$123,500.00
New Construction Fixed Price
$254,500.00
Closing & Project Management Fees
$25,466.88
Total Cost
$403,466.88
Built-In Equity Profit
$236,533.12

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
$26,110.00
Any Temporarily "Parked" Cash (Subsequently Returned At Refinance)
$45,602.23
Total Cash-In
$79,212.23

Less Cash Back Received at Refinance:
Total Cash Back
$46,458.92

The Net Cash that was Left In This Property
$32,753.31

Rent Benefits in Addition to Equity Return Above

Monthly Rental Cash-In Income
$2,550.00
Less Monthly Cash-Out Flow:
Mortgage
$2,201.51
HOA Fee
$135.00
Land Tax Only
$19.28
Insurance
$103.33
Property Management Fee
$50.00
Monthly Cash-Out Flow
$2,509.12
Monthly Positive Cash Flow
$40.88
Monthly Principal Pay Down of Your Mortgage
$511.51
Total Monthly Rent Benefit
$552.39
  x 12 Months
Annual Net Rent Benefit
$6,628.68

Annual Rent to Cash-In Returns

$6,628.68 Annual Net Rent Benefit
$32,753.31 The Net Cash that was Left In This Property
 =20.2%

5 Year Rent + Gross Equity Cash Out Return

(5 Years x $6,628.68 Annual Net Rent Benefit) + $236,533.12 Equity Return at Resale
$32,753.31 The Net Cash that was Left In This Property
 =
823.4%
5 Years
 
= 164.7% Per Annum