Income: Gross Potential Rent - 3 BR, 1 BA $800 $9,600Misc. Income - Less: Vacant Units 8% (768)Effective Gross Income $8,832Operating Expenses: Management Fee 10% $883Real Estate Taxes 1,080 Insurance 500 Repairs and Maintenance 10% 883 Total Operating Expenses $3,326 Net Operating Income $5,506 Loan Analysis Purchase Price $53,000Loan Amount (80% LTV) $42,400Down Payment $10,600 Interest Rate 5.50%Amortization 30 Annual Debt Service $2,889Capitalization Rate 10.4%Cash Flow $2,617Estimated Return On Cash (20% Down Payment) 24.7%
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