동부 대학/대학원/병원 인근 지역에서 investment property 탐색중입니다.
두 매물 중 어느 쪽이 더 좋은 투자일지 선배님들의 고견을 구합니다.
인테리어(부엌/화장실 포함)는 10점 만점에 매물 A는 3점, 매물 B는 5점 주겠습니다. 렌트 돌리기엔 무리가 없는 수준입니다.
매물 A는 HOA가 있습니다. 렌트 주는 것에 대한 제약은 없어보입니다.
*** 매물 A:
Purchase Price: $160k
Closing cost: $9k (incl. escrow)
Downpayment: 25% ($40k)
Est. monthly rent: $1400
Result
For the 20 Years Invested
| Return (IRR): |
12.46% per year |
| Total Profit when Sold: |
$264,740.58 |
| Cash on Cash Return: |
540.29% |
| Capitalization Rate: |
5.87% |
| Total Rental Income: |
$415,308.51 |
| Total Mortgage Payments: |
$145,925.37 |
| Total Expenses: |
$162,834.47 |
| Total Net Operating Income: |
$252,474.04 |
|
|
First Year Income and Expense
| |
Monthly |
Annual |
| Income: |
$1,400.00 |
$16,800.00 |
| Mortgage Pay: |
$608.02 |
$7,296.27 |
| Vacancy (8%): |
$112.00 |
$1,344.00 |
| Property Tax: |
$266.67 |
$3,200.00 |
| Total Insurance: |
$83.33 |
$1,000.00 |
| HOA Fee: |
$13.33 |
$160.00 |
| Maintenance Cost: |
$125.00 |
$1,500.00 |
| Other Cost: |
$16.67 |
$200.00 |
| Cash Flow: |
$174.98 |
$2,099.73 |
| Net Operating Income (NOI): |
$783.00 |
$9,396.00 |
|
*** 매물 A + renovation:
Purchase Price: $160k
Closing cost: $9k (incl. escrow)
Downpayment: 25% ($40k)
(+공사비: $20k - 지하실 finish + 부엌 리노베이션)
Est. monthly rent: $1600
Result
For the 20 Years Invested
| Return (IRR): |
12.69% per year |
| Total Profit when Sold: |
$328,994.70 |
| Cash on Cash Return: |
476.80% |
| Purchase Capitalization Rate: |
7.25% |
| Total Rental Income: |
$474,638.29 |
| Total Mortgage Payments: |
$145,925.37 |
| Total Expenses: |
$162,834.47 |
| Total Net Operating Income: |
$311,803.83 |
|
|
First Year Income and Expense
| |
Monthly |
Annual |
| Income: |
$1,600.00 |
$19,200.00 |
| Mortgage Pay: |
$608.02 |
$7,296.27 |
| Vacancy (8%): |
$128.00 |
$1,536.00 |
| Property Tax: |
$266.67 |
$3,200.00 |
| Total Insurance: |
$83.33 |
$1,000.00 |
| HOA Fee: |
$13.33 |
$160.00 |
| Maintenance Cost: |
$125.00 |
$1,500.00 |
| Other Cost: |
$16.67 |
$200.00 |
| Cash Flow: |
$358.98 |
$4,307.73 |
| Net Operating Income (NOI): |
$967.00 |
$11,604.00 |
|
*** 매물 B:
Purchase Price: $250k
Closing cost: $10k (incl. escrow)
Downpayment: 25% ($62.5k)
Est. monthly rent: $2000
Result
For the 20 Years Invested
| Return (IRR): |
12.43% per year |
| Total Profit when Sold: |
$404,250.87 |
| Cash on Cash Return: |
557.59% |
| Capitalization Rate: |
5.67% |
| Total Rental Income: |
$593,297.87 |
| Total Mortgage Payments: |
$228,008.39 |
| Total Expenses: |
$212,275.96 |
| Total Net Operating Income: |
$381,021.91 |
|
|
First Year Income and Expense
| |
Monthly |
Annual |
| Income: |
$2,000.00 |
$24,000.00 |
| Mortgage Pay: |
$950.03 |
$11,400.42 |
| Vacancy (8%): |
$160.00 |
$1,920.00 |
| Property Tax: |
$416.67 |
$5,000.00 |
| Total Insurance: |
$100.00 |
$1,200.00 |
| Maintenance Cost: |
$125.00 |
$1,500.00 |
| Other Cost: |
$16.67 |
$200.00 |
| Cash Flow: |
$231.63 |
$2,779.58 |
| Net Operating Income (NOI): |
$1,181.67 |
$14,180.00 |
|