Deal Analysis for a Newbie
would love anyone's opinion on whether the deal below looks "good" to you....thanks!
OVERVIEW | ||
Listing | 109,900 | |
Purchase | 106,000 | |
Down Payment | 26,500 | |
Closing Costs | 12,393 | |
Cash Needed | 38,893 | |
Loan Amount | 79,500 | |
Annual Taxes | 4,444 | |
CASH FLOW | ||
Mo | Annual | |
Income | 1,480 | 17,760 |
Unit 1 | 800 | 9,600 |
Unit 2 | 680 | 8,160 |
OpEx | 441 | 5,290 |
Homeowners | 70 | 840 |
Vacancy | 74 | 888 |
Property Management | 89 | 1,066 |
Maintenance | 74 | 888 |
CapEx | 74 | 888 |
Utilities | 60 | 720 |
NOI | 1,039 | 12,470 |
Loan | 435 | 5,220 |
Taxes | 370 | 4,444 |
Cash Flow | 234 | 2,806 |
ANNUAL METRICS | ||
Cash on Cash | 7.2% | |
Cap Rate | 11.8% | |
Payback Period (Yrs) | 14 |