Potential 5 year Seller finance deal

[Joe Austin]

	2 Family Building	Rent	Mortgage		Other Exp	Net Profit
	1st Floor	-		Taxes	1,124
	2nd Floor	-		Insurance	292
	3rd Floor	1,500		Heat	-
	4th Floor	1,550		Water&Sewer	150
	5th Floor	2,800		Electric	100
	Store	-		Maintenance	200
	Total Monthly	5,850	4,316	Total Monthly	1,866	(331)
	Total Annual	70,200	51,787	Total Annually	22,388	(3,975)
	Owner based on downpayment	Ownership %	Monthly Income	Annual Income	Cash Down	ROI %
	Joe	100.0%	(331)	(3,975)	124,500	-3.2%
		0.0%	-	-	-	0.0%
	Total	100.0%	(331)	(3,975)	124,500	-3.2%
		Dollars	Rent Multiple:	Building Mortgage
	Purchase Price	$ 995,000	14.2	Loan Amount		$ 895,500
	201K Renovations	-		Loan term in years		30
	Seller Concession Percent	0%	Cap Rate:	Interest Rate		4.000%
	Seller Concession Dollars	-	4.8%	Monthly Payments		$ 4,316
	Price with Concession	$ 995,000		Annual Payments		$ 51,787
	Percent Cash Down	10.0%	ROI:
	Cash for financing	99,500	-3.2%	Private Loan
	Closing costs (besides concession)	25,000		Loan Amount		$ -
	Cash Renovations	-	Payback:	Loan term in years		30
	Cash dispensed at Closing	$ 124,500	-31.3 Years	Interest Rate		4.000%
	Piti Reserves (6 months)	25,893		Monthly Payments		$ -
	Cash needed liquid at Closing	$ 150,393		Annual Payments		$ -
	Tax Impact:			Deal Structure
	Pre Depreciation Profit	11,992		Building Mortgage		$ 895,500
	Depreciation	36,182		Private Loan		-
	PreTax Profit	(24,190)		Cash		$ 124,500
	Tax Rate	25%		Other Funds/(Surplus)		-
	Tax (Savings)/Cost	(6,047)		Total Purchase Price + Costs		$ 1,020,000