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Example: Lofts Deal

So the question is, how do you go about purchasing a loft as an investment property? We're here to help, take a look at the example below. Here's an example of a loft purchased as an investment property.


Property Identification: 8005325
Location: Portland, OR
Price: $414,000

Turn-of-the-Century warehouse loft featuring exposed brick & floor-to-ceiling built-in bookshelves w/rolling ladder. Newly remodeled kitchen features new SS gas appliances & rolling island. Fir floors have been refinished. Bathroom features deep soaking tub & shower. City Lofts; the Pearl's first conversion when the Pearl was called the NW Industrial Triangle.

MLS Area: 148
Zip Code: 97209
County: Multnomah
Bedrooms: 1 Bathrooms: 1.0
Square Feet: 909
Fireplaces: 0 Garages: 1-ATTACHD
Year Built: 1905
Elementary: Chapman
Junior High: West Sylvan
High School: Lincoln

Rough Numbers:
Down payment:
Loan amount:
Property tax rate:
Expenses: % of gross earnings
Appreciation:

Loan amount:
Interest rate:
Loan term:
Annual tax:
Annual insurance:

Monthly Principal + Interest:
Monthly tax:
Monthly insurance:
Total monthly payment:

Interest payment per year:
Mortgage payments for the year:
Principal payments for the year:
Per year appreciation growth:

Gross income:
Operating expenses (managing property, landscaping, insurance, property taxes, painting - there are fixed and variable expenses):
Loan payments:
Cash flow =

Link

News: Lofts are growing increasingly more common in a number of cities, and not just places like New York or San Francisco. Smaller cities like Portland and even Boise are developing lofts in downtown areas as companies abandon buildings in prime areas of downtown, where singles desire to live or students, since the old buildings are close to universities, restaurants, bars, or work.



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