Thinking about investing in revenue property?
Check out this opportunity:
203 Bowman Court, priced at $224,900
20% down payment $ 44,900
Mortgage amount $179,920
@ 2.35% interest rate with 30 year amortization
Principle + interest payment $ 695.95
Taxes $ 68.80
Insurance $ 50.00
Expenses per month $ 815.75
Tenant pays utilities
Rent per month $ 1250.00
Cash flow per month $ 434.25
Cash flow per year $5211.00
Equals 11.6% return on investment of your down payment.
Principal paid down on mortgage in one year $4187.00
$9398.00
which is 20.9% return on investment of your down payment.
This is not even taking into account if we have any appreciation of value on the property.
IF we say, there is a very modest 3% increase in value in a year that would add
$ 6747.00 to the value of the property
Total increase in cash flow & equity $16,145.00
which is a 35.8% return on your $44,900 investment in one year!
Sound interesting? Let me help you put my first hand knowledge in Real Estate Investing to work for you!
(Note: this quick example does not take into account changes in interest rate, taxes, insurance or increases in rent.)
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