practice analyzing deal #7

Dieudonne T. · 2021-03-04T21:05:44-08:00

Price 1% rule =desired rent170,0000.011700Des Moines, IA 50316price 170,000MIP 1.75%total closingclosing co 250029755475monhrent 2,000.00fully rentedrepairs1000cosmetictotal cost178,475 Loans price 170,000Down % |downpay59503.50%FHAtotal loan164,050 Money Needed =16,313MONTHLY ESPENSES PAYMENT$718tax $246M insureH insureinsurance $19413460vacancy1005%repairs1407%management00%CapEx25012.50%utilities 24012.00%TOTAL$1,888 EVALUATIONMONTHLY INCOME =112.00YEARLY CASH FLOW=1344CASH ON CASH =8.238827929%8%+ = good15%+ = amazingprice for good cash on cash =already good for amazing cash on cash=put down 20%if repairs exceed $2000 cash on cash less than good

Dieudonne T.

Investor · Des Moines, IA · Member since 2019 · 62 posts · 17 votes

Price	1% rule =	desired rent
170,000	0.01	1700
	Des Moines, IA 50316
price	170,000	MIP 1.75%	total closing
closing co	2500	2975	5475
monhrent	2,000.00	fully rented
repairs	1000	cosmetic
total cost	178,475


Loans
price	170,000	Down % \|
downpay	5950	3.50%	FHA
total loan	164,050

Money Needed =		16,313

MONTHLY ESPENSES
PAYMENT	$718
tax	$246	M insure	H insure
insurance	$194	134	60
vacancy	100	5%
repairs	140	7%
management	0	0%
CapEx	250	12.50%
utilities	240	12.00%
TOTAL	$1,888

EVALUATION
MONTHLY INCOME =	112.00
YEARLY CASH FLOW=	1344
CASH ON CASH =	8.238827929%	8%+ = good	15%+ = amazing
price for good cash on cash =	already good
for amazing cash on cash=	put down 20%
if repairs exceed $2000 cash on cash less than good

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