| 15 Santuit Street, Dorchester, MA OWNER OCCUPANT OPPORTUNITY ANALYSIS | |||||||||
| SALE PRICE | $499,000 | SALE PRICE | $499,000 | SALE PRICE | $ 499,000 | ||||
| 5% DOWN PAYMENT | 10% DOWN PAYMENT | 20% DOWN PAYMENT | |||||||
| FINANCING | |||||||||
| 5% DOWN PAYMENT | $ 24,950 | 10% DOWN PAYMENT | $ 49,900 | 20% DOWN PAYMENT | $ 99,800 | ||||
| FIRST MORTGAGE | FIRST MORTGAGE | FIRST MORTGAGE | |||||||
| loan amount | $474,050 | loan amount | $449,100 | loan amount | $ 399,200 | ||||
| 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 | $ (2,545) | monthly payment | $ (2,411) | monthly payment | $ (2,143) | ||||
| INCOME | |||||||||
| MARKET RENT (excl. ht & hw) | $ 2,450 | MARKET RENT (excl. ht & hw) | $ 2,450 | MARKET RENT (excl. ht & hw) | $ 2,450 | ||||
| VACANCY (5%) | $ (123) | VACANCY (5%) | $ (123) | VACANCY (5%) | $ (123) | ||||
| EFFECTIVE GROSS INCOME | $ 2,328 | EFFECTIVE GROSS INCOME | $ 2,328 | EFFECTIVE GROSS INCOME | $ 2,328 | ||||
| OTHER ESTIMATED EXPENSES | |||||||||
| Taxes & Insurance | $ (325) | Taxes & Insurance | $ (325) | Taxes & Insurance | $ (325) | ||||
| Private Mortgage Insurance (PMI) | $ (308) | PMI | $ (292) | PMI | $ - | ||||
| Maintenance | $ (200) | Maintenance | $ (200) | Maintenance | $ (200) | ||||
| TOTAL OPERATING EXPENSES | $ (833) | TOTAL OPERATING EXPENSES | $ (617) | TOTAL OPERATING EXPENSES | $ (325) | ||||
| NET OPERATING INCOME | $ 1,494 | NET OPERATING INCOME | $ 1,711 | NET OPERATING INCOME | $ 2,003 | ||||
| First Mortgage | $ (2,545) | First Mortgage | $ (2,411) | First Mortgage | $ (2,143) | ||||
| TOTAL MONTHLY EXPENSE +utilities | $ (3,378) | TOTAL MONTHLY EXPENSE +utilities | $ (3,028) | TOTAL MONTHLY EXPENSE +utilities | $ (2,468) | ||||
| Monthly Cash Flow | $ (1,050) | Monthly Cash Flow | $ (700) | Monthly Cash Flow | $ (140) | ||||
| Principal Pay Down | $ 583 | Principal Pay Down | $ 552 | Principal Pay Down | $ 491 | ||||
| ANNUALIZED MONTHLY BENEFIT* | $ (468) | ANNUALIZED MONTHLY BENEFIT* | $ (148) | ANNUALIZED MONTHLY BENEFIT* | $ 350 | ||||
| *Excluding value of tax deducted depreciation & interest | |||||||||
| For marketing purposes only. All numbers are estimated. | |||||||||