| 1003 Dorchester Avenue, Dorchester, MA OWNER OCCUPANT 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 | 5.00% | interest rate | 5.00% | interest rate | 5.00% | ||||
| term in years | 30 | term in years | 30 | term in years | 30 | ||||
| monthly payment | $ (2,753) | monthly payment | $ (2,608) | monthly payment | $ (2,319) | ||||
| INCOME | |||||||||
| MARKET RENT (excl. ht & hw) | $ 2,800 | MARKET RENT (excl. ht & hw) | $ 2,800 | MARKET RENT (excl. ht & hw) | $ 2,800 | ||||
| VACANCY (5%) | $ (140) | VACANCY (5%) | $ (140) | VACANCY (5%) | $ (140) | ||||
| EFFECTIVE GROSS INCOME | $ 2,660 | EFFECTIVE GROSS INCOME | $ 2,660 | EFFECTIVE GROSS INCOME | $ 2,660 | ||||
| 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 | $ 1,877 | NET OPERATING INCOME | $ 2,094 | NET OPERATING INCOME | $ 2,410 | ||||
| First Mortgage | $ (2,753) | First Mortgage | $ (2,608) | First Mortgage | $ (2,319) | ||||
| TOTAL MONTHLY EXPENSE +utilities | $ (3,537) | TOTAL MONTHLY EXPENSE +utilities | $ (3,174) | TOTAL MONTHLY EXPENSE +utilities | $ (2,569) | ||||
| Monthly Cash Flow | $ (877) | Monthly Cash Flow | $ (514) | Monthly Cash Flow | $ 91 | ||||
| Principal Pay Down | $ 631 | Principal Pay Down | $ 597 | Principal Pay Down | $ 531 | ||||
| ANNUALIZED MONTHLY BENEFIT* | $ (246) | ANNUALIZED MONTHLY BENEFIT* | $ 83 | ANNUALIZED MONTHLY BENEFIT* | $ 622 | ||||
| *Excluding value of tax deducted depreciation & interest | |||||||||
| For marketing purposes only. All numbers are estimated. | |||||||||