Nevada
Real Property CalculationReal Property Address: FORMTEXT ?????Current Market Value of Real Property (must provide documentation)(1)$ FORMTEXT ?????Total Closing Costs (must provide documentation)(2)$ FORMTEXT ?????Current Mortgage Balance (this includes reverse mortgages – must provide documentation)(3)$ FORMTEXT ?????Add Line (2) + Line (3) = (4)$ FORMTEXT ?????Net Value of Real Property – Subtract Line (4) from Line (1)(5)$ FORMTEXT ?????Percentage of Ownership/Value (must provide documentation)(6)% FORMTEXT ?????TOTAL “CASH” VALUE OF REAL PROPERTY(7)$ FORMTEXT ?????Rental Property CalculationTotal Rental Income (if applicable) for Next 12 Months (must provide rental agreement)(1)$ FORMTEXT ?????Expenses in renting the property for next 12 months (taxes, insurance, maintenance, utilities, and mortgage interest – must be documented)(2)$ FORMTEXT ?????Net Income from Asset: Subtract Line (2) from Line (1) =(3)$ FORMTEXT ?????Percentage of Ownership (must provide documentation)(4)% FORMTEXT ?????(APPLICANT’S SHARE) INCOME FROM ASSET Multiply Line (3) x Line (4) = (5)$ FORMTEXT ?????Real Property Disposed of for less than Fair Market Value CalculationReal Property disposed of for less than Fair Market Value within the last two years prior to the effective date of the Tenant Income Certification:Fair Market Value of Real Property(s) Disposed of (must provide documentation)$ FORMTEXT ?????Cash Value of Real Property(s) (Subtract fees and loans – must provide documentation)(1)$ FORMTEXT ?????Amount Received for Real Property(s) (must provide documentation)(2)$ FORMTEXT ?????Subtract Line (2) from Line (1) equals Real Property disposed of for Less than Fair Market Value (amount to be included on TIC) = (3)$ FORMTEXT ????? ................
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