EAC Community Weekly Newsletter

10705 fanny brown RD

10705 fanny brown RD
Raleigh, NC, 27603

Great neighborhood with schools near by and equity set to gain 4-5% in next year as well as 2.5% rent rate every year.

PROPERTY DETAILS
  Ground Partner Name: Daniel Jimenez    
  Class Of Property: SFR Year Built: 1990
  Square Footage 900 Lot Size: .5 acres
  Occupied Yes # Of Units 1
  Bedrooms 2 Bathrooms 1

PURCHASE DETAILS
  Purchase Price $50,000.00 Wholesale Fee $3,941.67
  Closing Costs: $700.00 After Repair Value: $120,000.00
  Rehab Costs: $22,000.00 % Of ARV 60.58
  Total Funds Required $76,641.67 Rent As A % Of All In Cost 1.76

INCOME/CASH FLOW INFORMATION
  Monthly Rent: $1,350.00 Annual Rent: $16,200.00
  Other Income Monthly: Other Income Annually: $0.00
  Monthly Vacancy Expense: $135.00 Annual Vacancy Expense: $1,620.00
  Monthly Management Expense: $121.50 Annual Management Expense: $1,458.00
  Monthly Net Rent $1,215.00 Annual Net Rent $14,580.00
  Monthly CAPEX Expense: $121.50 Annual CAPEX Expense $1,458.00
  Monthly Repairs/Maintenance: $121.50 Annual Repairs/Maintenance: $1,458.00
  Monthly Tax Calculation: $66.67 Annual Taxes: $800.00
  Monthly Insurance Premium: $29.17 Annual Insurance Premium: $350.00
  Monthly NOI: $754.66 Annual NOI: $9,055.92

ROI FOR INVESTOR
  Monthly Return On Investment: $679.19 Annual Return On Investment: $8,150.33
  ROI % For Investor: 10.63    

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