Canyon Hills:
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Cap rate= 8.4%
Cash on cash return= 21%
Positive monthly cash flow= $350- $450
Initial investment= Downpayment= $32,000
Closing costs= $4000 (estimated)
Total Money out of pocket= $36,000
Shevy Akason and Associates Principles:
1) Cap rate of 8%+ using todays numbers, and not less than 5.5% using worst case scenarios
2) We use 5% vacancy as todays baseline, and 10% vacancy to calculate worst case scenario
3) We use todays rental numbers to calculate expected rent and account for rental deprecation of 12.5% to account for worst case scenario
4) We use an interest rate of 5% for those that are buying as a primary residence and 6%- 6.5% for investors
5) We account for lost income in downpayment of 2%
6) We Calculate 1%/year of the purchase price for maintenance reserves
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Based upon todays numbers=
Monthly Costs
HOA= $98
Taxes= $279 (Estimated)
Maintenance= $133
Insurance= $61
$571* 12= $6852
If you hire a property manager your expenses will be higher
Today's market rent= $1775*12= $21,300-5% vacancy= $20,235 Today's Cap rate= $20235- $6852= $13483/ $160,000= 8.4%
Total cost of ownership using IHB calculator= $1044.66*12= $12,535
$20,235 (Gross income)- $12,535 (total cost of ownership) = $7700
$36,000(initial cash investment)= 21%
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RentVsOwnulator™
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Property Type: Residential Lease Status: Active |
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Subject
Property |
|
# |
MLS# |
Type |
A/D |
Address |
City/ Area |
TGNO |
Trct/M |
Bed |
B t/f |
Stories |
Gar |
SqFt |
YBlt |
Lse |
Term |
List Price |
DOM |
|
1 |
MRM-T09006516 |
SFR |
D |
31864 WILLOW WOOD Ct |
LKEL/ 234 |
867A6 |
OTHR / |
4 |
3/3 |
2 |
3 |
2,829 |
2003 |
12 |
Months |
$2,000 |
9 |
|
Average |
4 |
3 |
2,829 |
12 |
$2,000 |
9 |
|
Number of Properties: 1
|
|
Average
( ListPrice / SqFt ) : ( 2000 / 2829 ) = $ 0.71 |
|
Property Type: Residential Lease Status: Leased |
|
Subject
Property |
|
# |
MLS# |
Type |
A/D |
Address |
City/ Area |
TGNO |
Trct/M |
Bed |
B t/f |
Stories |
Gar |
SqFt |
YBlt |
Lse |
Term |
Sold Price |
SP/ SqFt |
SP/LP |
SP/OLP |
Sold Date |
DOM |
|
1 |
MRM-T08125986 |
SFR |
A |
31955 DAISY FIELD Ct |
LKEL/ 234 |
867D6 |
OTHR / |
3 |
3/3 |
2 |
0 |
2,473 |
2003 |
12 |
Months |
$1,750 |
$0.71 |
100.00% |
79.55% |
(none) |
0 |
|
2 |
MRM-T08139835 |
SFR |
D |
32380 WINDEMERE St |
LKEL/ 234 |
867F6 |
OTHR / |
3 |
2/2 |
1 |
3 |
2,093 |
2004 |
12 |
Months |
$1,799 |
$0.86 |
100.00% |
100.00% |
(none) |
0 |
|
3 |
MRM-I08127226 |
SFR |
A |
32317 LACE OAK Dr |
LKEL/ 234 |
867E6 |
OTHR / |
5 |
3/2 |
2 |
0 |
2,726 |
2006 |
12 |
Months |
$1,800 |
$0.66 |
100.00% |
100.00% |
(none) |
0 |
|
4 |
MRM-T08137196 |
SFR |
D |
31944 DAISY FIELD Ct |
LKEL/ 234 |
867D6 |
OTHR / |
4 |
3/3 |
2 |
3 |
2,862 |
2003 |
12 |
Months |
$1,900 |
$0.66 |
100.00% |
100.00% |
(none) |
0 |
|
Average |
4 |
3 |
2,539 |
12 |
$1,812 |
$0.72 |
100.00% |
94.89% |
0 |
|
Number of Properties: 4
|
|
Average
( SalePrice / SqFt ) : ( 1812 / 2539 ) = $ 0.71 |
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Shevy Akason and Associates
"We're not Just Real Estate agents, we're real estate consultants"
Shevy Akason | Realtor | Evergreen Realty
Phone 949.769.1599 | Fax 949.753.0671
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