|
Property Comparisons in Different Areas
 |
 |
Santa Ana, California Sold price - $545,000 3 Bedrooms, 1 Bath 1,123 Sq. Ft. Built 1949 Cost to purchase w/ 5% down - $47,000 Rent - $1,800 Approx. Projected appreciation 1st yr. - 5-7% Cash Flow - "PITI" $4,407 - Rent $1,800 = $2,607 neg. Rentability Quotient - .003 Vacancy Rate - 6-8% |
Indianapolis, Indiana (Actual Rental Property) Sold price - $169,000 4 Bedrooms, 2 1/2 Baths 2,450 Sq. Ft. Built 2006 Cost to purchase w/ 5% down - $11,000 Rent - $1,100 Approx. Projected appreciation 1st yr. - 6% Cash Flow - "PITI" $1,130 - Rent $1,100 = $30 neg. Rentability Quotient - .006 Vacancy Rate - 6-8% |
 |
 |
Charlotte, North Carolina (Actual Rental Property) Sold price - $189,000 4 Bedrooms, 2 1/2 Bath 2,082 Sq. Ft. Built 2006 Cost to purchase w/ 5% down - $13,300 Rent - $1,350 Approx. Projected appreciation 1st yr. - 6% Cash Flow - "PITI" $1,372 - Rent $1,350 = $22 neg. Rentability Quotient - .007 Vacancy Rate - 5% |
Fountain Valley, California Sold price - $620,000 (Lowest priced SFR) 3 Bedrooms, 2 Bath 1,310 Sq. Ft. Built 1969 Cost to purchase w/ 5% down - $53,000 Rent - $2,200 approx. Approx. Projected appreciation 1st yr. - 5-7% Cash Flow - "PITI" $5,002 - Rent $2,200 = $2,801 neg. Rentability Quotient - .003 Vacancy Rate - 3-4% |
 |
 |
Austin, Texas (Actual Rental Property) Sold price - $205,000 4 Bedrooms, 2 3/4 Bath 2,308 Sq. Ft. Built 2006 Cost to purchase w/ 5% down - $18,540 Rent - $1,275 Approx. Projected appreciation 1st yr. - 6-7% Cash Flow - "PITI" $1,725 - Rent $1,275 = $450 neg. Rentability Quotient - .006 Vacancy Rate - 4% |
Huntington Beach, California Sold price - $575,000 3 Bedrooms, 1 3/4 Bath 1,279 Sq. Ft. Built 1962 Cost to purchase w/ 5% down - $48,875 Rent - $2,200 approx. Approx. Projected appreciation 1st yr. - 5-7% Cash Flow - "PITI" $4,636 - Rent $2,200 = $2,436 neg. Rentability Quotient - .004 Vacancy Rate - 3-4% |
Tell a Friend.