Estimated
Cash Flow - Single Family Homes |
|||
Neg ARM |
30 YR Fixed |
||
| Down Payment | 20% Down |
10% Down |
|
| Purchase Price | $260,000 |
$260,000 |
|
| Down Payment 20% | $52,000 |
$52,000 |
|
| Closing Costs | $3,250 |
$3,250 |
|
| Loan Costs | $1,000 |
$1,000 |
|
| Total Cash Down +Closing | $56,250 |
$56,250 |
|
| Loan Amount | $208,000 |
$208,000 |
|
| Loan to value | 80% |
80% |
|
| Interest Rate | 1.65 |
6.50 |
|
| Mortgage Payment | ($732) |
($1,308) |
|
| Projected Monthly Rent | $1,200 |
$1,200 |
|
| Gross Income/year | $14,400 |
$14,400 |
|
| Expenses | |||
| Management/yr ($70mo) | $1,200 |
$1,200 |
|
| Property Taxes/yr | $2,990 |
$2,990 |
|
| Insurance | $715 |
$715 |
|
| Maint & Repairs | $720 |
$720 |
|
| Total Expenses | $6,357 |
$6,933 |
|
| Cash Flow/yr | ($740) |
($8,224) |
|
| Cash Flow/mo | ($62) |
($685) |
|
Investors | Single Family Homes | Multi Family Properties
Worksheet courtesy of Larry Hawkins Real Estate in Fresno, CA.
©2008 Larry Hawkins Real Estate. All rights reserved.