Notes:
1. Rents are actual as of June 1, 2006. Other
rents on the street are getting more.
2. This example assumes 20% down on a 30
year, 6.75% loan with an APR of 6.901. However, there are many
other loan products available with less down and lower rates.
Buyer should consult with a loan officer.
3. Cash flow conclusions may be adjusted
by year end deductions. Buyer should consult with a CPA.
4. Savings to owner by living in one of
the units rather than elsewhere.
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5. Annual appreciation is calculate at 3% and is not guaranteed
6. Suggests that after subtracting from the
Annual Cash Flow, the Owner Occupied Rent Credit in one case and
estimated Appreciation in either case, the owner balances out
at the end of the first year. All other things being equal, rents
should increase over time making the scenario even more attractive.
This scenario is based on the assumptions
indicated herein. Buyer should test all assumptions to his/her
complete satisfaction.
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