Web Specials

Property 1

Property 2

Property 3

Property 4

Location

Eastpointe,

Michigan

Harper Woods, Michigan

Detroit, Michigan

Detroit, Michigan

Dwelling description

2-bed, 1-bath house

2-bed, 1-bath house

3-bed, 1-bath house

3-bed, 1-bath house

Purchase date

Feb-2010

Mar-2010

Mar-2010

Jun-2010

Current value (based on zillow.com)

$29,500

$35,000

$66,500

$66,000

Purchase costs

Property price (US$)

$22,000

$23,577

$16,500

$23,000

Financed

Cash

Cash

Cash

Cash

Purchase costs (US$)

$890

Includes city tax, county tax, title company fee plus their processing and recording title deed fees.

$1,443

Includes city tax, county tax, title co fee plus their processing and recording title deed fees

$814

Includes city tax, county tax, title company fee plus their processing and recording title deed fees.

$699

Includes city tax, county tax, title co fee plus their processing and recording title deed fees.

Accountant and attorney fees

$464

$464

$464

$464

Wire transfer fees (US$)

$50

$50

$50

$50

Title insurance fees ($US)

Paid by vendor

Paid by vendor

Paid by vendor

Paid by vendor

City inspection fee ($US)

-

-

$295

$275

Rehab (renovation) ($US)

$2,118

$2,961

$10,732

$4,745

Total purchase costs (US$)

$25,522

$28,495

$28,855

$29,233

Income

Monthly rental income (US$)

$650

$850

Not yet tenanted. Current market rent is approx. $650

Not yet tenanted. Current market rent is approx. $650

Annual expenses

Council rates ($US)

Water - $172 per quarter

$148 per quarter

Water - no bills yet. When tenanted estimate $150 per quarter.

Water - no bills yet. When tenanted estimate $150 per quarter.

State taxes (US$ per annum)

$2,267 total (incl. summer and winter taxes)

$2,340 total

$3,131 total

$1,929 total

Property management fees ($US)

1 month rent and 10% commission

1 month rent and 10% commission

1 month rent and 10% commission

1 month rent and 10% commission

Property insurance ($US per annum)

$613 Building and Landlord

$1,205 Building and Landlord

$176 vacant building only (when tenanted will cost $1205 for building and landlord insurance)

$176 vacant building only (when tenanted will cost $1205 for building and landlord insurance)

Maintenance costs ($US per annum)

Budget $300

Budget $300

Budget $300

Budget $300

Lawns and snow clearing + utilities (while vacant) (US$)

-

-

$100 per month approx. (when tenanted the cost will be nil)

$100 per month approx. (when tenanted the cost will be nil)

Total annual expenses (US$)

$2,316

$5,372

$2,820 approx. when tenanted

$4,749 when tenanted

Gross rental* yield

31%

29%

27%

27%

Net rental** yield

22%

10%

Not yet tenanted. When tenanted estimated at 17%

Not yet tenanted. When tenanted estimated at 10.4%

Property 1

Property 2

Property 3

Property 4

Location

Orlando, Florida

Orlando, Florida

Cape Coral, Florida

Toledo, Ohio

Dwelling description

1-bed condominium

1-bed condominium

3-bed house

3-bed house

Purchase date

April-2010

May-2010

May-2010

Aug-2010

Current value

$36,000

$54,900

$69,000

$11,000

Purchase costs

Property price (US$)

$36,000

$54,900

$69,000

$11,000

Financed

Self-managed super

Self-managed super

Self-managed super

Equity from investment property

Accountant and attorney fees (US$)

$1,095

$1,095

$1,095

$1,050

Wire transfer fees (US$)

$92.77

$83.04

$88.27

$90.76

Title search and title insurance fees ($US)

$282

$390

$521

$175

City inspection fee ($US)

-

-

-

$350

Buyer advocate fees and rehab (US$)

$3,535

$2,687

$2,687

$2,687

Total purchase costs (US$)

$41,005

$59,155

$73,391

$15,352.76

Income

Monthly rental income (US$)

$600

$650

$800

$550

Annual expenses

Council rates ($US)

$1,000

$1,000

$1,400

$600

State taxes (US$ per annum)

$312

$384.30

$483

$96

Property management fees ($US)

$720

$780

$960

$600

Insurance ($US per annum)

$250 contents insurance

$250 contents insurance

$1,000 building insurance

$1,030 building insurance and a home warranty.

Maintenance costs ($US per annum)

$250

$250

$500

$419

Home Owners Association fee (body corporate) (US$)

$1,980

$2,000

N/A

N/A

Total annual expenses (US$)

$4,512

$4,664.30

$4,343

$2,745

Gross rental yield*

17.5%

13.2%

13.1%

43%

Net rental yield**

6.6%

5.3%

7.2%

27%

Property 1

Location

Elmira, New York State

Dwelling description

2 family residences -

1 upstairs with 5-bed, 1-bath and one downstairs with 4-bed, 1-bath

Purchase date

Jan-06

Current value

$13,000

Purchase costs

Purchase price (US$)

$31,000

Financed

Accessed equity from Australian properties

Attorney ($US)

$596

Buyers agent commission

$750

Structure set-up costs

$783

Title insurance cost ($US)

$356

City inspection fee ($US)

$530

Building inspection and water board charge (US$)

$540

Total purchase costs (US$)

$34,555

Income

Monthly Rental income (US$)

Potential $425 + 475

Total = $900

Annual expenses

Council rates ($US per annum)

$1,842

State taxes (US$ per annum)

$200

School taxes (US$ per annum)

$854

Abatement fees ($US)

$2,108 (09/10 tax year)

Property management fees ($US)

10% of rental income

Potential = $1080

Property insurance ($US per annum)

$310 landlord insurance

Maintenance costs ($US per annum)

$3,180 (09/10 Tax year)

Accountant costs ($US per annum)

$600

Other expenses (US$)

Court costs for eviction $70 (09/10 tax year);

water bill when tenant left $307; sewer bill when tenant left $213.

Total annual expenses (US$)

$10,764

Gross rental yield*

31%

Net rental yield for 09/10**

0.1%