| PROJECTIONS FOR CRESTWOOD 2008, per Month |
|
| |
|
| PURCHASE |
|
| Full Purchase Price |
$175,000 |
| Downpayment / GoE $40k (23%) |
40250 |
| Mortgage Amount (77%) |
134750 |
| Seller Paid Closing Costs (Est. .02%) |
3500 |
| RATE 1 |
|
| Rate 1: Loan discount points @ 3.680% |
4784 |
| Rate 1: Total Closing Costs |
8284 |
| Rate 1: Buyer's costs after $5k GoE to closing |
3284 |
| RATE 2 |
|
| Rate 2: Loan discount points @ 2.133% |
2,773 |
| Rate 2: Total Closing Costs |
6273 |
| Rate 2: Buyer's costs after $5k GoE to closing |
1273 |
| RATE 3 |
|
| Rate 3: Loan discount points @ 1.562% |
2,031 |
| Rate 3: Total Closing Costs |
5531 |
| Rate 3: Buyer's costs after $5k GoE to closing |
531 |
| PITI |
|
| RATE 1: Interest rate 5.875% |
|
| Mortgage (P&I) |
769 |
| Prop Insur @ 4% mo mortg. |
30.76 |
| Taxes @ 30% mo mortg. |
230.7 |
| PMI @ 10% mo mortg. |
0 |
| Total PITI |
1030.46 |
| |
|
| RATE 2: Interest rate 6.500% |
|
| Mortgage (P&I) |
822 |
| Prop Insur @ 4% mo mortg. |
32.88 |
| Taxes @ 30% mo mortg. |
246.6 |
| PMI @ 10% mo mortg. |
0 |
| Total PITI |
1101.48 |
| |
|
| RATE 3: Interest rate 6.875 |
|
| Mortgage (P&I) |
854 |
| Prop Insur @ 4% mo mortg. |
34.16 |
| Taxes @ 30% mo mortg. |
256.2 |
| PMI @ 10% mo mortg. |
0 |
| Total PITI |
1144.36 |
| |
|
| EXPENSES |
|
| Unaccounted (10% rent) |
100 |
| Repairs (8% rent) |
80 |
| Management (5% rent) |
50 |
| Total Expenses |
230 |
| |
|
| INCOME |
|
| RATE 1: |
1000 |
| Minus Vacancy (15% rent) |
150 |
| Total Income |
850 |
| |
|
| NOI |
|
| Income |
850 |
| |
|
| RATE 1: Expenses & PITI |
1260.46 |
| RATE 1: Total NOI |
-410.46 |
| |
|
| RATE 2: Expenses & PITI |
1331.48 |
| RATE 2: Total NOI |
-481.48 |
| |
|
| RATE 2: Expenses & PITI |
1374.36 |
| RATE 2: Total NOI |
-524.36 |
| |
|
| BEST CASE SCENARIO (NO LOSS/REPAIRS PER MONTH) |
|
| RATE 1 NOI |
30.46 |
| RATE 2 NOI |
101.48 |
| RATE 3 NOI |
144.36 |