| Property Information | Expense Information | |||||||
| Address: | 4811 Tealgate Dr | |||||||
| After Rehab Value: | $95,000 | Management Fee (%): | 0.00% | |||||
| Purchase Price: | $90,000 | Annual Maintenance: | $ - | |||||
| Estimated Rehab costs: | $0 | Vacancy Rate: | 0% | |||||
| Seller Contribution: | $0.00 | Pest Control | $ - | |||||
| Base Costs | $90,000 | |||||||
| Estimated spread after rehab | $5,000 | Refi Information | ||||||
| Spread %: | 94.74% | |||||||
| Initial Purchase Price | $ - | |||||||
| Yearly Taxes: | $2,719 | Current Debt | $ - | |||||
| Yearly HOA: | $270 | Current Equity | 0% | |||||
| Yearly Rental Insurance: | $700 | Target Equity | 0% | |||||
| Monthly Lease Amount: | $995 | Equity Cash Out | $ - | |||||
| Target Appreciation: | 50% | Initial Investment | $ - | |||||
| Target Sale Price: | $142,500 | Cash Invested After Refi | $0.00 | |||||
| Financing Options | Prin.+Int. | Int. Only | Deferred Int. | |||||
| % Down Payment | 20% | $18,000 | $18,000 | $18,000 | ||||
| 1st Mortgage Amnt | $72,000 | $72,000 | $72,000 | |||||
| Interest Rate | 6.750% | 7.000% | 1.400% | 7.90% | <-- Annual Rate | |||
| Term (years) | 30 | 10 | 40 | |||||
| Monthly Payment | $466.99 | $420.00 | $195.98 | $495.23 | ||||
| 2nd Mortgage Amnt | $ - | $ - | $ - | |||||
| Interest Rate | 7.0000% | 7.0000% | 7.0000% | |||||
| Term | ||||||||
| Monthly Payment | $0.00 | $0.00 | $0.00 | |||||
| Total Payment | $466.99 | $420.00 | $195.98 | |||||
| Closing Costs Estimate---> | Prin. + Int. | Int. Only | Deferred Int. | Cash Purchase | ||||
| Origination Fee %: | Enter % | 1.0% | 1.0% | 1.0% | ||||
| Origination Fees: | Auto Fill | $720 | $720 | $720 | ||||
| Other Title Costs: | Escrow fee, etc. | $350 | $350 | $350 | $350 | |||
| Title Policy -Owner: | includes mortgage policy if needed | $225 | $225 | $225 | $0 | |||
| Doc & Closing Costs: | depends on lender | $1,250 | $1,250 | $500 | $250 | |||
| Mortgage Insurance: | .7% Mtg if DP>10%, .9% Mtg if DP<10% | $0.00 | $0.00 | $0.00 | ||||
| Survey, Appraisal & Inspection: | 375, 400, 200 | $775 | $775 | $775 | $375 | |||
| Totals | $3,320 | $3,320 | $2,570 | $975 | ||||