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412 N. Front St. #6

Purchase Closed Date
08/23/2012
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
$24,844.65
Total Cost
$402,844.65
Built-In Equity Profit
$237,155.35

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
$24,815.00
Any Temporarily "Parked" Cash (Subsequently Returned At Refinance)
$50,00.00
Total Cash-In
$82,315.00

Less Cash Back Received at Refinance:
Total Cash Back
$50,598.58

The Net Cash that was Left In This Property
$31,716.42

Rent Benefits in Addition to Equity Return Above

Monthly Rental Cash-In Income
$2,700.00
Less Monthly Cash-Out Flow:
Mortgage
$2,325.56
HOA Fee
$135.00
Land Tax Only
$16.68
Insurance
$70.83
Property Management Fee
$50.00
Monthly Cash-Out Flow
$2,598.07
Monthly Positive Cash Flow
$101.93
Monthly Principal Pay Down of Your Mortgage
$465.36
Total Monthly Rent Benefit
$567.29
  x 12 Months
Annual Net Rent Benefit
$6,807.48

Annual Rent to Cash-In Returns

$6,807.48 Annual Net Rent Benefit
$31,716.42 The Net Cash that was Left In This Property
 =21.5%

5 Year Rent + Gross Equity Cash Out Return

(5 Years x $6,807.48 Annual Net Rent Benefit) + $237,155.35 Equity Return at Resale
$31,716.42 The Net Cash that was Left In This Property
 =
855.1%
5 Years
 
= 171.0% Per Annum