Statesville NC Proforma

194 Bowman
 
 
 
Property Information
Type Dwelling:SFR
Square Footage:2174
Year Built:2021
Sales Details
 

 

Financial Information
Purchase Price$352,200.00
Down Payment25%88,050.00
LTV (1st Loan)75%264,150.00
Mortgage Rate – Payment2.99%1,112.24
Amortization Term (years)
 30 
Property Taxes157.76
Insurance50.00
HOA Fees 
Property Management121.50
Other Expenses 
Total Monthly Expenses$1,441.50
 LowHigh
Rent Range1,9752,025
Net Cash Flow (pre – tax)$533.50$583.50
 
Annualized
Cash Return on Investment$7,002.018.0%
Principal Reduction5,448.836.2%
Tax Reduction – Based on 25% Tax Bracket2,397.162.7%
Total ROI14,848.0016.9%
 
Financial Indicators
Debt Coverage Ratio:1.52
Capitalization Rate:5.8%
Appreciation 6%  
Vacancy 0%  
Income Growth
 3%  
Maintenance 0%  

 

ANNUAL INCOME ANALYSISYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Operating Income24,300.0025,029.0025,779.8726,553.2727,349.8628,170.3629,015.4729,885.9330,782.5131,705.99
(-) Mortgage Payments13,346.9213,346.9213,346.9213,346.9213,346.9213,346.9213,346.9213,346.9213,346.9213,346.92
(-) Vacancy/Maintenance0.000.000.000.000.000.000.000.000.000.00
(-) Other Expenses3,951.083,951.083,951.083,951.083,951.083,951.083,951.083,951.083,951.083,951.08
           
Annual Cash Flow7,002.017,731.018,481.889,255.2810,051.8710,872.3711,717.4812,587.9413,484.5214,408.00
(+) Principal Reduction5,448.835,611.755,779.545,952.356,130.336,313.626,502.406,696.826,897.067,103.28
Loan Balance258,701.17253,089.42247,309.88241,357.53235,227.20228,913.58222,411.18215,714.36208,817.31201,714.03
Market Value352,200.00373,332.00395,731.92419,475.84444,644.39471,323.05499,602.43529,578.58561,353.29595,034.49
(+) Appreciation21,132.0022,399.9223,743.9225,168.5526,678.6628,279.3829,976.1531,774.7133,681.2035,702.07
Cash on Cash Return8%9%10%11%11%12%13%14%15%16%
           
Equity93,499120,243148,422178,118209,417242,409277,191313,864352,536393,320
(+) Cum. Cash Flow7,00214,73323,21532,47042,52253,39465,11277,70091,184105,592
(-) Initial Cash Invested88,05088,05088,05088,05088,05088,05088,05088,05088,05088,050
Net Profit100,500.84134,975.60171,636.94210,588.48251,939.23295,803.89342,303.15391,564.06443,720.35498,912.83
Return on Investment114.1%153.3%194.9%239.2%286.1%335.9%388.8%444.7%503.9%566.6%

 

All financial information, while not guaranteed, is from sources we believe to be reliable. Performance & Projections are estimated and subject to change. The provider shall be held harmless if returns are not met. All Investments have risks and Investors are urged to perform their own due diligence prior to investing.