practice analyzing deal # 10
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Dieudonne T.
Rental Property Investor from Des Moines, IA
posted about 1 month ago
| Price | 1% rule = | desired rent | |||||
| 160,000 | 0.01 | 1600 | |||||
| Des Moines, IA 50311 | |||||||
| price | 160,000 | ||||||
| closing co | 2500 | ||||||
| monhrent | 2,400.00 | 4 plex | |||||
| repairs | 2000 | cosmetic | |||||
| total cost | 162,000 | ||||||
| Loans | |||||||
| price | 160,000 | Down % | | |||||
| downpay | 40000 | 25.00% | conventional | in a perfect world or a lot of years later in life | |||
| total loan | 120,000 | ||||||
| Money Needed = | 44,500 | ||||||
| MONTHLY ESPENSES | |||||||
| PAYMENT | $533 | ||||||
| tax | $232 | M insure | H insure | ||||
| insurance | $56 | 0 | 56 | ||||
| vacancy | 120 | 5% | |||||
| repairs | 168 | 7% | |||||
| management | 264 | 11% | |||||
| CapEx | 300 | 12.50% | |||||
| utilities | 288 | 12.00% | |||||
| TOTAL | $1,961 | ||||||
| EVALUATION | |||||||
| MONTHLY INCOME = | 439.00 | ||||||
| YEARLY CASH FLOW= | 5268 | ||||||
| CASH ON CASH = | 11% | 8%+ = good | 15%+ = amazing | ||||
| price for good cash on cash = | already good | ||||||
| for amazing cash on cash= | 150000 |