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Jonathan Casillas
  • Lender
  • Four Oaks, NC
41
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369
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5 property package - $294,000

Jonathan Casillas
  • Lender
  • Four Oaks, NC
Posted Jul 3 2015, 16:01

Property Proposal and Income Analysis Summary Report

5 property package - $294,000

Proposed properties Via one of our affiliate partners: 

226 S. Calhoun $58,000 3 1 1115sf 638 Sq Ft $1,416 $1,128
326 S. Fulton $55,000 2 1 1011sf 914 sq ft $5,664 $1,200
427 N. Bradford $58,000 2 1 1092 sq ft 897 sq ft $1,058 $1,100
614 N. Highland $68,000 3 1 930 sq ft 1525 sq ft $1,460 $1,100
308 S. Pulaski $55,000 2 2 918sf 827 sq ft $354 $900

Total monthly rental income: $5428/mo

Total yearly taxes for all 5 properties: $9952.00

Estimated insurance @ 70/mo x 5 properties = $4,200

Estimated yearly maintenance per property $1,500 (x 5 = $7,500)

*This estimate is based on any potential repairs the property may need over the course of a year. In our experience this number is typically lower, but we always estimate high on maintenance.

Yearly rental income: $65,136.00

After estimated yearly hard costs, adjusted gross annual income:

$43,484.00

Full investment recouped in 7 years. 10 year projected revenue: $434,840.00


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