Section 8 Turn Key Rental Property

SECTION 8 TURN KEY RENTAL PROPERTY

PURCHASE

Purchase Price $60,000

Down Payment (20%) $12,000

Closing Costs $1,000

Total Cash Investment $13,000

Mortgage Payment $258 Per Month (30 year fixed $48,000 at 5%)

RENTAL RETURN

currently rented at $700 per month

Gross Annual Rental Income $8,400

Mortgage Payment $3,096 Per Year

Property Taxes $472 Per Year

Insurance $900 Per Year

Property Management $840 Per Year

Vacancies (5%) $420 Per Year

Repairs (5%) $420 Per Year

Net Annual Rental Income $2,252

Annual Return on Cash Invested 17.32%

OTHER BENEFITS

Depreciation Tax Deduction $2,222 per Year

Tax Deductions for Interest, Property Taxes, Repairs

Amortization (Principal loan balance being paid down)

Price Appreciation (can be substantial)

Rent Increases (can be substantial)

*Remember your payment is fixed, but rents go up every year, and your loan balance goes down every year, and the property appreciates over time!

 

If you are interested in learning more about turn key rental properties please contact our office at 561-948-2127 (Mon to Fri 9 a.m. to 5 p.m. EST) or email our customer support desk at support@lexrealestategroup.com

 

 

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