| 1003 Dorchester Avenue, Dorchester, MA INVESTOR OPPORTUNITY ANALYSIS | |||||||||
| SALE PRICE | $539,900 | SALE PRICE | $539,900 | SALE PRICE | $ 539,900 | ||||
| 5% DOWN PAYMENT | 10% DOWN PAYMENT | 20% DOWN PAYMENT | |||||||
| FINANCING | |||||||||
| 5% DOWN PAYMENT | $ 26,995 | 10% DOWN PAYMENT | $ 53,990 | 20% DOWN PAYMENT | $ 107,980 | ||||
| FIRST MORTGAGE | FIRST MORTGAGE | FIRST MORTGAGE | |||||||
| loan amount | $512,905 | loan amount | $485,910 | loan amount | $ 431,920 | ||||
| Loan To Value (LTV) of 1st mortgage | 95% | LTV of 1st mortgage | 90% | LTV of 1st mortgage | 80% | ||||
| interest rate | 6.50% | interest rate | 6.50% | interest rate | 6.50% | ||||
| term in years | 30 | term in years | 30 | term in years | 30 | ||||
| monthly payment | $ (3,242) | monthly payment | $ (3,071) | monthly payment | $ (2,730) | ||||
| INCOME | |||||||||
| MARKET RENT (excl. ht & hw) | $ 4,100 | MARKET RENT (excl. ht & hw) | $ 4,100 | MARKET RENT (excl. ht & hw) | $ 4,100 | ||||
| VACANCY (5%) | $ (205) | VACANCY (5%) | $ (205) | VACANCY (5%) | $ (205) | ||||
| EFFECTIVE GROSS INCOME | $ 3,895 | EFFECTIVE GROSS INCOME | $ 3,895 | EFFECTIVE GROSS INCOME | $ 3,895 | ||||
| OTHER ESTIMATED EXPENSES | |||||||||
| Taxes & Insurance | $ (250) | Taxes & Insurance | $ (250) | Taxes & Insurance | $ (250) | ||||
| Private Mortgage Insurance (PMI) | $ (333) | PMI | $ (316) | PMI | $ - | ||||
| Maintenance | $ (200) | Maintenance | $ (200) | Maintenance | $ (200) | ||||
| TOTAL OPERATING EXPENSES | $ (783) | TOTAL OPERATING EXPENSES | $ (566) | TOTAL OPERATING EXPENSES | $ (250) | ||||
| NET OPERATING INCOME | $ 3,112 | NET OPERATING INCOME | $ 3,329 | NET OPERATING INCOME | $ 3,645 | ||||
| First Mortgage | $ (3,242) | First Mortgage | $ (3,071) | First Mortgage | $ (2,730) | ||||
| TOTAL MONTHLY EXPENSE +utilities | $ (4,025) | TOTAL MONTHLY EXPENSE +utilities | $ (3,637) | TOTAL MONTHLY EXPENSE +utilities | $ (2,980) | ||||
| Monthly Cash Flow | $ (130) | Monthly Cash Flow | $ 258 | Monthly Cash Flow | $ 915 | ||||
| Principal Pay Down | $ 478 | Principal Pay Down | $ 453 | Principal Pay Down | $ 402 | ||||
| ANNUALIZED MONTHLY BENEFIT* | $ 347 | ANNUALIZED MONTHLY BENEFIT* | $ 710 | ANNUALIZED MONTHLY BENEFIT* | $ 1,317 | ||||
| *Excluding value of tax deducted depreciation | |||||||||
| For marketing purposes only. All numbers are estimated. | |||||||||