| 15 Santuit Street, Dorchester, MA INVESTOR OPPORTUNITY ANALYSIS | |||||||||
| SALE PRICE | $499,900 | SALE PRICE | $499,900 | SALE PRICE | $ 499,900 | ||||
| 5% DOWN PAYMENT | 10% DOWN PAYMENT | 20% DOWN PAYMENT | |||||||
| FINANCING | |||||||||
| 5% DOWN PAYMENT | $ 24,995 | 10% DOWN PAYMENT | $ 49,990 | 20% DOWN PAYMENT | $ 99,980 | ||||
| FIRST MORTGAGE | FIRST MORTGAGE | FIRST MORTGAGE | |||||||
| loan amount | $474,905 | loan amount | $449,910 | loan amount | $ 399,920 | ||||
| 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 | $ (3,002) | monthly payment | $ (2,844) | monthly payment | $ (2,528) | ||||
| INCOME | |||||||||
| MARKET RENT (excl. ht & hw) | $ 3,650 | MARKET RENT (excl. ht & hw) | $ 3,650 | MARKET RENT (excl. ht & hw) | $ 3,650 | ||||
| VACANCY (5%) | $ (183) | VACANCY (5%) | $ (183) | VACANCY (5%) | $ (183) | ||||
| EFFECTIVE GROSS INCOME | $ 3,468 | EFFECTIVE GROSS INCOME | $ 3,468 | EFFECTIVE GROSS INCOME | $ 3,468 | ||||
| OTHER ESTIMATED EXPENSES | |||||||||
| Taxes & Insurance | $ (325) | Taxes & Insurance | $ (325) | Taxes & Insurance | $ (325) | ||||
| Private Mortgage Insurance (PMI) | $ (309) | PMI | $ (292) | PMI | $ - | ||||
| Maintenance | $ (200) | Maintenance | $ (200) | Maintenance | $ (200) | ||||
| TOTAL OPERATING EXPENSES | $ (834) | TOTAL OPERATING EXPENSES | $ (617) | TOTAL OPERATING EXPENSES | $ (325) | ||||
| NET OPERATING INCOME | $ 2,634 | NET OPERATING INCOME | $ 2,850 | NET OPERATING INCOME | $ 3,143 | ||||
| First Mortgage | $ (3,002) | First Mortgage | $ (2,844) | First Mortgage | $ (2,528) | ||||
| TOTAL MONTHLY EXPENSE +utilities | $ (3,835) | TOTAL MONTHLY EXPENSE +utilities | $ (3,461) | TOTAL MONTHLY EXPENSE +utilities | $ (2,853) | ||||
| Monthly Cash Flow | $ (368) | Monthly Cash Flow | $ 6 | Monthly Cash Flow | $ 615 | ||||
| Principal Pay Down | $ 442 | Principal Pay Down | $ 419 | Principal Pay Down | $ 373 | ||||
| ANNUALIZED MONTHLY BENEFIT* | $ 74 | ANNUALIZED MONTHLY BENEFIT* | $ 425 | ANNUALIZED MONTHLY BENEFIT* | $ 987 | ||||
| *Excluding value of tax deducted depreciation | |||||||||
| For marketing purposes only. All numbers are estimated. | |||||||||