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Property Information |
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Expense Information |
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Address: |
Spring, TX House |
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After Rehab Value: |
$110,000 |
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Management Fee (%): |
0.00% |
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Purchase Price: |
$75,000 |
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Annual Maintenance: |
$ - |
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Estimated Rehab costs: |
$3,800 |
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Vacancy Rate: |
0% |
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Seller Contribution: |
$0.00 |
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Pest Control |
$ - |
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Base Costs |
$78,800 |
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Estimated spread after rehab |
$31,200 |
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Refi Information |
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Spread %: |
71.64% |
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Initial Purchase Price |
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Yearly Taxes: |
$2,787 |
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Current Debt |
$ - |
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Yearly HOA: |
$250 |
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Current Equity |
0% |
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Yearly Rental Insurance: |
$700 |
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Target Equity |
0% |
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Monthly Lease
Amount: |
$1,000 |
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Equity Cash Out |
$ - |
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Target Appreciation: |
50% |
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Initial Investment |
$ - |
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Target Sale Price: |
$165,000 |
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Cash Invested After Refi |
$0.00 |
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Financing Options |
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Prin.+Int. |
Int. Only |
Deferred Int. |
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% Down Payment |
10% |
$7,500 |
$7,500 |
$15,000 |
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1st Mortgage Amnt |
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$67,500 |
$67,500 |
$60,000 |
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Interest Rate |
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6.750% |
7.000% |
1.400% |
7.90% |
<-- Annual Rate |
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Term (years) |
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30 |
10 |
40 |
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Monthly Payment |
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$437.80 |
$393.75 |
$163.32 |
$412.69 |
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2nd Mortgage Amnt |
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$ - |
$ - |
$ - |
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Interest Rate |
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7.0000% |
7.0000% |
7.0000% |
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Term |
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Monthly Payment |
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$0.00 |
$0.00 |
$0.00 |
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Total Payment |
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$437.80 |
$393.75 |
$163.32 |
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Closing
Costs Estimate---> |
Prin. + Int. |
Int. Only |
Deferred Int. |
Cash Purchase |
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Origination Fee %: |
Enter % |
1.0% |
1.0% |
1.0% |
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Origination Fees: |
Auto Fill |
$675 |
$675 |
$600 |
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Other Title Costs: |
Escrow fee, etc. |
$350
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$350
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$350
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$350 |
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Title Policy -Owner: |
includes mortgage policy if needed |
$225 |
$225 |
$225 |
$0 |
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Doc & Closing Costs: |
depends on lender |
$1,250
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$1,250
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$500
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$250 |
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Mortgage
Insurance: |
.7% Mtg if
DP>10%, .9% Mtg if DP<10% |
$39.38
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$39.38
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$0.00
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Survey,
Appraisal & Inspection: |
375, 400, 200 |
$775 |
$775 |
$775 |
$375 |
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Totals |
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$3,314 |
$3,314 |
$2,450 |
$975 |
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