Page 7 - 1609 E River Dr Margate
P. 7

9.     $75,296           $0    $18,146      $57,150        12.46%         $554,529 $510,166 11.64%
           10.     $77,555           $0    $18,691      $58,864        12.84%         $571,164 $525,471 11.82%

           11.     $79,882           $0    $19,252      $60,630        13.22%         $588,299 $541,235 11.96%
           12.     $82,278           $0    $19,829      $62,449        13.62%         $605,948 $557,473 12.08%

           13.     $84,747           $0    $20,424      $64,323        14.03%         $624,127 $574,197 12.17%
           14.     $87,289           $0    $21,037      $66,252        14.45%         $642,851 $591,423 12.25%
           15.     $89,908           $0    $21,668      $68,240        14.88%         $662,136 $609,165 12.32%
           16.     $92,605           $0    $22,318      $70,287        15.33%         $682,000 $627,440 12.38%

           17.     $95,383           $0    $22,987      $72,396        15.79%         $702,460 $646,263 12.43%
           18.     $98,245           $0    $23,677      $74,568        16.26%         $723,534 $665,651 12.48%

           19.   $101,192            $0    $24,387      $76,805        16.75%         $745,240 $685,621 12.52%
           20.   $104,228            $0    $25,119     $785,298        17.25%         $767,597 $706,189 12.55%
         Total $1,597,164            $0 $384,918 $1,459,871           318.36%




              Purchase                                          Income

             Purchase Price            425000                                                         Annual
                                                                                                      Increase
             Use Loan?        Yes       No                     Monthly Rent                    6270       3

             Closing Cost             3564.50                  Other Monthly Income                0      3

             Need Repairs?        Yes       No
                                                               Vacancy Rate                    21

                  Repair Cost                    30000
                                                               Management Fee                    0
                  Value after Repairs           425000

                                                                Sell
              Recurring Operating Expenses
                                                               Do You Know the Sell Price?        Yes       No
                                                 Annual
                                   Annual        Increase
                                                               Value Appreciation                3    Per Year
             Property Tax                 7225       3
                                                               Holding Length                    20   Years
             Total Insurance              3500       3
                                                               Cost to Sell                      8
             HOA Fee                          0      3

             Maintenance                  1200       3                    Calculate           Clear

             Other Costs                  2400       3




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