Iredell, NC, 28117 Year 1
MONTHLY Cash Flow
Year 9
Cumulative Cash Flow Through
Rental Income:
$3,460
Rental Income:
Expenses:
$2,746
Expenses:
$299,054
Year 9 CUMULATIVE Cash Flow:
$178,065
Year 1 MONTHLY Cash Flow:
$714
$477,119
Cumulative Cash on Cash Return
172.0%
Estimated Annual Cash Flow Cash Flow Details
Year 1
Rental Income
$41,520
Year 2
Year 3
Year 4
$44,011
$46,652
$49,451
$25,901
$25,901
$25,901
Property Tax / Ins.
$4,812
$4,877
Maint. & Repairs
$2,244
Year 5
Year 6
Year 7
Year 8
Year 9
$52,418
$55,563
$58,897
$62,431
$66,177
$25,901
$25,901
$25,901
$25,901
$25,901
$25,901
$4,943
$5,010
$5,079
$5,149
$5,221
$5,294
$5,368
$2,244
$2,244
$2,244
$2,244
$2,244
$2,244
$2,244
$2,244
$0
$0
$0
$0
$0
$0
$0
$0
$0
Total Expenses
$32,957
$33,021
$33,087
$33,155
$33,224
$33,294
$33,365
$33,438
$33,513
Total Cash Flow
$8,563
$10,990
$13,564
$16,296
$19,194
$22,269
$25,532
$28,992
$32,664
8.3%
10.6%
13.1%
15.7%
18.5%
21.5%
24.7%
28.0%
31.6%
Expenses Principal & Interest
HOA Fees
Cash on Cash Return
Element Home Loans is a Division of NFM, Inc. dba NFM Lending, NFM NMLS #2893. NFM is an Equal Housing Lender. For NFM, Inc’s full agency and state licensing information, please visit http://www.nfmlending.com/licensing. NFM, Inc.’s NMLS #2893 (http:// www.nmlsconsumeraccess.org/). NFM, Inc is not affiliated with, or an agent or division of, a governmental agency or a depository institution. GA license # 17414. Copyright © 2022.
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Loan, monthly payment and costs, and ROI scenarios used for informational purposes only and may not be specific to your situation. Rates expressed may not be available at this time, ROI subject to change. This document should not be construed as financial, investment or mortgage advice or a commitment to lend. Your results may vary. There are no guarantees, promises, representations and/or assurances concerning the level of accuracy you may experience. For actual and current terms and rate information, please contact your lender directly. APR of 6.161% assumes a 6% simple fixed interest rate assuming $13,500 in fees included in APR. Monthly principal and interest payment based on a fully amortizing fixed interest loan of $360,000 with 360 monthly payments at the assumed simple interest rate (Current as of 9/14/2022). *Lender is not a tax consultation firm. Please seek advice from a tax professional.MLS Data provided by Listing Booster. Monthly expenses may or may not include condominium or HOA fees, if applicable; your payment may be greater.
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$209,705
Appreciation Gain Starting Home Value:
$450,000
Forecasted Appreciation (Avg./Yr): Estimated Value After 9
Interest Rate 6%
4.34%
Amortization Gain
$51,155
Original Loan Amount:
$360,000
Remaining Principal Balance:
$308,845
$659,705
APR 6.161%
Annual Rental Increase 6%
Total Return on Investment Rental Income
$477,119
Appreciation
$209,705
Gross Revenue
$686,824
Expenses
-$300,981
Int. + Prop. Tax + Ins. + Repairs + Closing Costs to Buy & Sell
Profit Investment
Down Payment + Renovation Costs
Return on Investment Average Annual Compounded Return
$385,843 $90,000 428.7% 20.3%
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