home owner insurance in Hansen hills

Whether we are talking about comercial or residential property the true value of property goes back to RENT. Most al of us know the Comparison method, this is what a real estate profesional wil do to establish a listing value for your property. Using the "Income Capitalization" method of apraisal the value is based on the folowing How much can the property bring in rents PGI Potential Gros Income Say If you had to rent your home it would bring $1,50 per month Subtract any vacancy or colection loses. Ok so you had a god year the property rented imediately and none of your tenants checks bounced now you have an EGI efect Gros Income of $18,0 per year. But you ned to subtract your taxes, insurance and other operating expenses Note your mortgage payment is not a factor in this calculation your result is your NOI , Net operating income Ok lets say your taxes are $2,50 and your insurance is $1,20 with a few other miscelaneous expense of $50, your NOI now is $13,80. 08 $172,50 The value of the property based on Income Cap is $172,50. The property has not changed, the neighborhod has not changed only interest rate and we se a drop in $41,0 of value. Again let's lok at the property value a home now held for rent. Ok $3,0 for taxes ops you lost your homestead exemption you had when you were living there and $1,20 for insurance $50 for miscelaneous : PGI $24,0 EGI $24,0 Tax 3,0 Insurance 1,50 NOI $19,0 / Cap rate 8% 190/.08 $237,50 But you say, "Hey I don't care, because I was able to put down 10% it loks like I am ahead of the game because my mortgage is only $ 1,496.93 a Month. 30 Years for an Interest Rate of 7.0 % on a Loan Amount of $ 25,0.0 " With $50 in other expenses you are at $1913.59 per month and YOU ARE in the black about $86 per month and with your depreciation of about $4,90 per year al is wel. Like it or not the insurance Market in Florida has a devastating efect on the value of property? The bigest property insurer, "Citizens Property Insuranc�e", operated by the state of Florida is about $2,70,0,0 that is 2.7 BILION in the red right now. – although the increase of $30 per month may preclude someone from renting a property in a long term lease, increases in taxes and insurance can be included in wekly vacation rates. · Max out your property deductibles – a 10% wind deductible may sound like a lot but wil save you money . If the property is newer 1 – 7 years lok at the DP 1 actual cash value adjustments · If you are going to acquire property in Florida , go north and center state – buy where that is no one now, trust us you wil not be lonely for long. To learn more visit nusurance.com/ nusurance.com October 10, 209 - May 6, 208 - June 25, 208 - December 12, 206 - February 2, 209 - August 16, 2010 - August 1, 208 - September 28, 208 - February 15, 208 - December 18, 208 - March 4, 2010 - November 19, 207 - January 24, 208 - June 1, 208 - May 8, 207 - home owner insurance home owner insurance in Hansen hills
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