As you start your new homeownership journey, you’ll need an agent prepared to build a relationship based on your long-term goals. We have the knowledge and dedication to ensure you get all the value that home brings – not just in your first home but year after year, home after home after home.
Warren Buffett, chairman and CEO, Berkshire Hathaway Inc.
The Hello Gulf team provides exceptional support to buyers throughout the home buying journey. We introduce ourselves, share our expertise, and familiarize you with Southwest Florida. We offer tours to help you decide on the best location and understand your real estate needs. By explaining different property styles and providing information on communities and amenities, we help you make informed decisions. We discuss the local market, homebuying process, renting versus buying, and provide market insights. Additionally, we assist in setting a realistic budget, discuss financing options, and provide references from past customers. Once we agree on our role as your Realtor, we sign a Buyer Broker Agreement to formalize our partnership.
During the search, we refine your criteria and share listings that match your needs. We efficiently arrange showings, accompany you to view properties, and provide valuable insights. Our team researches property history and details, discusses negotiation strategies, and makes offers on your behalf. We handle all negotiations, review and explain contracts, and keep you informed of any changes.
After an offer is accepted, we guide you through inspections and assist with any needed repairs. We manage timelines and deadlines, coordinate closing logistics, confirm insurance arrangements, and recommend reliable contractors. We attend the final walk-through, review closing documents, and ensure a smooth closing process, handing over the keys to your new home.
Post-purchase, the Hello Gulf team follows up to provide ongoing support and assistance. We maintain records for future reference and offer recommendations for vendors and contractors. Throughout the entire process, we prioritize your needs to ensure a smooth and successful home buying experience.
NET OPERATING INCOME (NOI) is one metric used to determine the profitability of a real estate investment. Net operating income is the income generated after accounting for operating expenses. Net operating income is essentially a measure of the cash flow for the property, and you can calculate it using the following formula: [net operating income = gross income – vacancy loss – operating expenses]. Thus, net operating income is equal to the gross income generated minus losses due to vacancy minus operating expenses.
CAP RATE, or capitalization rate, is the return rate for an investment property. The cap rate is a ratio of a property's annual net operating income relative to its market value, expressed as a percentage. It's used to evaluate the income generated relative to the property value and is a reasonably good measure for comparing the profit potential for different investment properties. Calculate the cap rate using the formula [cap rate = net operating income/property value × 100%]. The cap rate is equal to the net operating income divided by the market value, expressed as a percentage.
CASH-ON-CASH RETURN is another metric used to evaluate an investment property's rate of return and profitability. This metric evaluates whether a property can generate a positive cash flow and is worth the cash needed to invest. Cash-on-cash return is a cash flow ratio to the total cash invested in a property, expressed as a percentage. The cash-on-cash return is equal to the annual pre-tax cash flow divided by the total cash investment, expressed as a percentage. You can calculate it using this formula: [cash on cash return = annual pre-tax cash flow/total cash investment].
The GROSS RENT MULTIPLIER (GRM) is another metric used to determine a property's potential return on investment. The gross rent multiplier is a ratio of the property value or purchase price to its annual gross rental income. The gross rent multiplier is equal to the property's value divided by the gross income generated by the property. You can calculate the gross rent multiplier using the formula: [gross rent multiplier = property value/gross annual income].
Use our rental property calculator to calculate the financials and potential return on investment for a rental property purchase. If you are buying with cash:
Enter the Down Payment the same as Purchase Price and Loan Term = 1, Interest Rate = 1.
We strive to ensure every calculator works perfectly, but widgets are provided on an as-is basis and functionality is not guaranteed. "Inch Calculator reserves the right to suspend or revoke the availability of this widget at any time, without reason or notice".
BUYING A CONDO?
The 2023 Florida condo law changes introduced by Senate Bill 154 and House Bill 1395 bring about several significant updates to the management and safety of condominium and cooperative buildings. These changes may increase condo owners' costs due to higher monthly dues or special assessments to meet reserve funding requirements and compliance with new inspection and disclosure mandates.
©2023 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity.
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