Property Investor Condo
This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA
Overview
Download & View Property Investor Condo as PDF for free.
More details
- Words: 313
- Pages: 1
Purchasing A Property For Rental Income Year 1 $15,725 $3,679 $3,679
Year 2 $15,725 $3,837 $7,516
Annual Mortgage Interest Property Taxes Maintenance Annual Costs
$12,046 $2,200 $2,400 $16,646
$11,888 $2,288 $2,496 $16,672
Annual Rental Income Yearly Income (Loss) Cumulative Income (Loss)
$15,600 ($1,046) ($1,046)
Annual Opportunity Cost Cumulative Opportunity Cost Annual Cash Flow Cash on Cash Return Capitalization (Cap) Rate
Annual Mortgage Payments Annual Mortgage Principal Cumulative Mortgage Principal
Year 3 $15,725 $4,002 $11,518
Year 4 $15,725 $4,174 $15,692
Year 5 $15,725 $4,353 $20,045
$11,723 $2,380 $2,596 $16,698
$11,551 $2,475 $2,700 $16,725
$11,372 $2,574 $2,808 $16,753
$16,224 ($448) ($1,493)
$16,873 $175 ($1,318)
$17,548 $823 ($495)
$18,250 $1,497 $1,001
$1,085 $1,085
$1,273 $2,359
$1,469 $3,827
$1,673 $5,500
$1,886 $7,386
($4,725) -4.4% 3.6%
($4,285) -1.6% 3.7%
($3,827) 0.6% 3.9%
($3,351) 2.3% 4.0%
($2,856) 3.7% 4.2%
Enter Parameters in Gray Boxes Purchase Price $295,000 Legal Fees to Purchase $1,000 Property Transfer Tax (PTT) $3,900 CMHC Insurance (if LTV > .80) $7,697 Adjusted Cost Base $307,597 Down payment (must be < .95 LTV) $20,000 @ Mortgage amortization – Years 35 Mortgage rate for 5 year term 4.25% Initial Mortgage Balance $287,597 Monthly Mortgage payment $1,310 Initial monthly rental income (annual increases) Annual Property Taxes Annual maintenance or condo fees Taxes, rent & maintenance increase per year Opportunity cost interest rate (annual) Opportunity cost includes down payment & principal
0.95
$1,300 $2,200 $2,400 4.00% 5.00%
LTV
Sale Price After 5 Years Legal Fees to Sell Realtor Fees (6% on 100K, 3%) Net Sale Price (after fees) Outstanding Mortgage Balance Proceeds to seller - Initial down payment - Equity (all principal payments) + Cumulative Income (Loss) Gain or (Loss) on Investment - Cumulative Opportunity Cost Gain or (Loss) compared to investing down payment and principal payments at opportunity cost rate
$319,996 $800 $12,600 $306,596 $267,553 $39,043 $20,000 $20,045 $1,001 $0 $7,386 ($7,386)
Prepared by Roger Need – July 2009
Year 2 $15,725 $3,837 $7,516
Annual Mortgage Interest Property Taxes Maintenance Annual Costs
$12,046 $2,200 $2,400 $16,646
$11,888 $2,288 $2,496 $16,672
Annual Rental Income Yearly Income (Loss) Cumulative Income (Loss)
$15,600 ($1,046) ($1,046)
Annual Opportunity Cost Cumulative Opportunity Cost Annual Cash Flow Cash on Cash Return Capitalization (Cap) Rate
Annual Mortgage Payments Annual Mortgage Principal Cumulative Mortgage Principal
Year 3 $15,725 $4,002 $11,518
Year 4 $15,725 $4,174 $15,692
Year 5 $15,725 $4,353 $20,045
$11,723 $2,380 $2,596 $16,698
$11,551 $2,475 $2,700 $16,725
$11,372 $2,574 $2,808 $16,753
$16,224 ($448) ($1,493)
$16,873 $175 ($1,318)
$17,548 $823 ($495)
$18,250 $1,497 $1,001
$1,085 $1,085
$1,273 $2,359
$1,469 $3,827
$1,673 $5,500
$1,886 $7,386
($4,725) -4.4% 3.6%
($4,285) -1.6% 3.7%
($3,827) 0.6% 3.9%
($3,351) 2.3% 4.0%
($2,856) 3.7% 4.2%
Enter Parameters in Gray Boxes Purchase Price $295,000 Legal Fees to Purchase $1,000 Property Transfer Tax (PTT) $3,900 CMHC Insurance (if LTV > .80) $7,697 Adjusted Cost Base $307,597 Down payment (must be < .95 LTV) $20,000 @ Mortgage amortization – Years 35 Mortgage rate for 5 year term 4.25% Initial Mortgage Balance $287,597 Monthly Mortgage payment $1,310 Initial monthly rental income (annual increases) Annual Property Taxes Annual maintenance or condo fees Taxes, rent & maintenance increase per year Opportunity cost interest rate (annual) Opportunity cost includes down payment & principal
0.95
$1,300 $2,200 $2,400 4.00% 5.00%
LTV
Sale Price After 5 Years Legal Fees to Sell Realtor Fees (6% on 100K, 3%) Net Sale Price (after fees) Outstanding Mortgage Balance Proceeds to seller - Initial down payment - Equity (all principal payments) + Cumulative Income (Loss) Gain or (Loss) on Investment - Cumulative Opportunity Cost Gain or (Loss) compared to investing down payment and principal payments at opportunity cost rate
$319,996 $800 $12,600 $306,596 $267,553 $39,043 $20,000 $20,045 $1,001 $0 $7,386 ($7,386)
Prepared by Roger Need – July 2009
Related Documents
Property Investor Condo
May 2020 0
Ready2invest Off Plan Property Investor Book
May 2020 3
Property
May 2020 24
Condo Expenses.xlsx
April 2020 12
Condo Directory
June 2020 10