TURN KEY RENTAL PROPERTY
PORT ST LUCIE, FLORIDA
3 Bedroom 2 Bathroom House
Purchase Price: $175,000
Rents For: $1,350 per month
INVESTMENT
Down Payment (20%) $35,000
Closing Costs $4,000
Initial Investment $39,000
MONTHLY CASH FLOW CALCULATION
Gross Rental Income Per Month $1,350
Principal & Interest Expense $770
Property Taxes Monthly $190
Insurance Monthly $100
Property Management Fee $135
Monthly Cash Flow $155
ANNUAL CASH FLOW $1,860
ESTIMATED ADDITIONAL EXPENSES
Estimated Annual Maintenance (5%) $800
Estimated Annual Vacancy (5%) $800
Total Additional Expenses $1,600
RETURN ON INVESTMENT
NET ANNUAL CASH FLOW $260
ESTIMATED TAX SAVINGS PER YEAR $1,700
ESTIMATED ANNUAL PRINCIPAL PAY DOWN $1,974
TOTAL NET ANNUAL RETURN $3,934
TOTAL INITIAL INVESTMENT $39,000
TOTAL RETURN ON INVESTMENT 10.08%
