Updated almost 5 years ago on . Most recent reply
practice analyzing deal # 14
| Price | 1% rule = | desired rent | |||||
| 230,000 | 0.01 | 2300 | |||||
| Des Moines, IA 50313 | |||||||
| price | 230,000 | ||||||
| closing co | 2600 | ||||||
| monhrent | 2,200.00 | house hacking duplex | |||||
| repairs | 2000 | cosmetic | |||||
| total cost | 236,935 | ||||||
| Loans | |||||||
| price | 230,000 | Down % | | |||||
| downpay | 11500 | 5% | FHA | ||||
| total loan | 218,500 | ||||||
| Money Needed = | 18,435 | ||||||
| MONTHLY ESPENSES | |||||||
| PAYMENT | $979 | ||||||
| tax | $334 | M insure | H insure | ||||
| insurance | $219 | 138 | 81 | ||||
| vacancy | 110 | 5% | |||||
| repairs | 154 | 7% | |||||
| management | 0 | 0% | |||||
| CapEx | 275 | 12.50% | |||||
| utilities | 264 | 12.00% | |||||
| TOTAL | $2,335 | must pay $1,796 | reserves $539 | ||||
| EVALUATION | |||||||
| MONTHLY INCOME = | -135.00 | ||||||
| YEARLY CASH FLOW= | -1620 | ||||||
| CASH ON CASH = | -8.787632221% | 8%+ = good | 15%+ = amazing | ||||
| last sell price | 2/24/2017 Sold $62,750 |