3812 Brooklyn Ave
By admin •
April 19th, 2010
3812 Brooklyn Ave
|
 |
Property Features
- 3 Bedrooms
- 2 Baths
- 1228 sqft
|
| Currently being rented for $625 |
| APPRAISED VALUE |
YOUR PURCHASE PRICE |
| $85,000 |
$55,000 |
|
|
INVESTMENT STRATEGY:
| 20% Down Payment |
Loan Amount |
Closing Costs |
| $11,000 |
$44,000 |
$3,400 |
|
Total Out of Pocket at Closing: $14,400
|
| Mortgage payment (based on 7% interest): |
Taxes and Insurance: |
| $293 |
$166 |
Monthly Costs: $459 |
|
|
| Current Rental Agreement |
10% Management fee |
Actual Rental Income |
| $625 |
$63 |
$562 |
|
Monthly Cash Flow $103
|
ROI: 8.5%
|
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