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Buying:
Purchase Price:
10% down:
80% 1st Deed
10% 2nd Deed
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$300,000
$ 30,000
$270,000
$240,000
$ 30,000 |
6% Interest Only Loan
6 1/2% Interest Only Loan |
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Flow of cash
Rent - 3 bedroom @ $600 per bedroom = $1,800 monthly gross
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Expenses:
Taxes:
Insurance:
Gas and electric:
Maint., water & trash:
Operating Expenses:
Net Operating Income:
Interest on 1st:
Interest on 2nd:
Cash Flow :
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$200.00
$80.00
(Paid by tenants)
$170.00
$450.00
$1,350.00
$1,200.00
$ 163.00
$1,363.00
($- 13.00)
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Loan rates shown are as of February 1, 2006 from Wells Fargo "Second Home Program". This is a fixed rate.
For 5 or 10 year calculation
All information herein is for example only and must be verified by the individual for their own circumstances. |
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