Milo's House
An Affordable Home Solution
Pro-Forma
Financial Pro-Forma 1 house 2 doors to 200 houses 400 doors
Example Address 6435 E 16th St Kanas City MO 64126 as of 2/4/24.
|
|
|
10 |
40 |
100 |
200 |
|
Lot |
$9,000 |
$90,000 |
$360,000 |
$900,000 |
$1,800,000 |
|
House |
$35,000 |
$350,000 |
$1,400,000 |
$3,500,000 |
$7,000,000 |
|
Build House |
$12,250 |
$122,500 |
$490,000 |
$1,225,000 |
$2,450,000 |
|
Engineering Fees |
$5,000 |
$50,000 |
$200,000 |
$500,000 |
$1,000,000 |
|
Permits |
$5,000 |
$50,000 |
$200,000 |
$500,000 |
$1,000,000 |
|
Running Utilities |
$5,000 |
$50,000 |
$200,000 |
$500,000 |
$1,000,000 |
|
Misc |
$5,000 |
$50,000 |
$200,000 |
$500,000 |
$1,000,000 |
|
Total Build cost |
$76,250 |
$762,500 |
$3,050,000 |
$7,625,000 |
$15,250,000 |
|
Appraised value |
$150,000 |
$1,500,000 |
$6,000,000 |
$15,000,000 |
$30,000,000 |
|
Long term loan (LTV) |
75.00% |
75.00% |
75.00% |
75.00% |
75.00% |
|
Cash Out |
$112,500 |
$1,125,000 |
$4,500,000 |
$11,250,000 |
$22,500,000 |
|
Net cash out |
$36,250 |
$362,500 |
$1,450,000 |
$3,625,000 |
$7,250,000 |
|
Monthly Cash Flow |
|||||
|
Monthly Payment |
$617.52 |
$6,175.20 |
$24,700.80 |
$61,752.00 |
$123,504.00 |
|
Insurance |
$40.00 |
$400.00 |
$1,600.00 |
$4,000.00 |
$8,000.00 |
|
Taxes |
$40.00 |
$400.00 |
$1,600.00 |
$4,000.00 |
$8,000.00 |
|
Management Fees |
$300.00 |
$3,000.00 |
$12,000.00 |
$30,000.00 |
$60,000.00 |
|
Total Monthly Cost |
$997.52 |
$9,975.20 |
$39,900.80 |
$99,752.00 |
$199,504.00 |
|
Section 8 Payment |
|||||
|
4- bedroom House |
$1,955.00 |
$19,550.00 |
$78,200.00 |
$195,500.00 |
$391,000.00 |
|
1 bedroom |
$1,102.00 |
$11,020.00 |
$44,080.00 |
$110,200.00 |
$220,400.00 |
|
Gross Monthly Income |
$3,057.00 |
$30,570.00 |
$122,280.00 |
$305,700.00 |
$611,400.00 |
|
Net Monthly Income |
$2,059.48 |
$20,594.80 |
$82,379.20 |
$205,948.00 |
$411,896.00 |
