123 Main St.

Financial Information and Projections

Projected Mortage Information

Offer Price 109,000.00

25% Down Payment 27,250.00

Mortage Amount 81,750.00

Interest Rate 5.00%
Tax Rate 0.75

30 Yr.
Monthly Payment $ 506.98
Total Interest Paid $ 76,236.60

Projected Annual Tax Profit and Loss Statement (30 Yr. Mortgage) Projected Balance Sheet for 123 Main St. (30 Yr. Mortgage)

Revenue: Yr. 1 Yr. 10 Assets: Yr. 1 Yr. 10

Rental Income $ 12,000.00 $ 14,986.36 123 Main St. 109,000.00 136,136.10 FMV
Total Revenue $ 12,000.00 $ 14,986.36
Total Assets 109,000.00 136,136.10
Expenses:
Repairs and Maint. $ 1,000.00 1,000.00 Liabilities:
HOA Dues $ 2,448.00 2,800.00
Trash $ - - 123 Main St. Mortgage 81,750.00 66,818.69
Water $ - -
Landscaping $ - - Total Liabilities 81,750.00 66,818.69
*Interest on Mortgage Payments $ 4,060.00 3,280.00
Accounting $ 200.00 250.00 Owners Equity 27,250.00 69,317.41
Management Fees $ 1,440.00 1,798.36
Supplies $ 150.00 150.00 Total Liabilities and Equity $ 109,000.00 $ 136,136.10
Utilities $ - -
Deprecaition $ 3,964.00 $ 3,964.00
Total Expense $ 13,262.00 $ 13,242.36
*Principle portion of mortgage payments are not tax deductible
Net Income $ (1,262.00) $ 1,744.00 Projections based upon 2.5% annual rent and value appreciation
Rental income and expenses based off estimates of property near UNCW from Centrury 21 Sweyer Rental experts