25 May HOW MUCH RENT YOU WOULD HAVE TO CHARGE TO EARN A 10% PROFIT.
Real Estate Property Analysis
Research the property you selected in your Local Real Estate Opportunities activity.
Using the newspaper listing from your exploration, either go online to the real estate agency that is listing the property or contact the real estate agent to do the following:
• Obtain the current asking price. • Ask whether the seller would entertain an offer below the offering price, and if so, what would be a reasonable offer. • Obtain at least three comps for the property in which you are interested. Note. A comp is a property that has recently been sold and is similar to the property you are considering in terms of location, size, and characteristics. Determine the actual selling price for the three comps. • Using the comps, the judgment of the real estate agent, and your personal judgment estimate the amount for which you could purchase the property. • Using mortageprofessor.com or another mortgage calculator, calculate your monthly financing costs (your mortgage) assuming closing costs of 5%, a down payment of 30%, and a 30-year fixed rate mortgage with an interest rate of 6%. Input this financing cost on the attached spreadsheet.
• Estimate the current operation costs, including the following:
o Insuranceo Utilities • Electricity• Gas• Water and sewer• Telephone• Internet
o Property taxes o Association dues o Maintenance costso Refuse removalo Lawn and grounds costso Other expenses associated with operating or living in the property
• Input these costs on the attached spreadsheet.
Complete a Microsoft® Excel® spreadsheet to determine and to tally the total expenses associated with this property. And, compute the following using the spreadsheet. Be sure to provide a narrative summary right on the spreadsheet as to the following questions.
• How much would you have to charge in rent to break even each month, assuming the residence is occupied for the entire year?• How much rent you would have to charge to earn a 10% profit.• How much rent you would have to charge to earn a 20% profit./
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.