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Updated over 4 years ago on . Most recent reply

User Stats

22
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11
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Brooke Jackson
  • Rental Property Investor
11
Votes |
22
Posts

Looking for help calculating numbers

Brooke Jackson
  • Rental Property Investor
Posted

I'm working on a deal in Indy and I have a hard money lender ready to fund the rehab. I need some help crunching the numbers so I know what I'm looking at before accepting the terms. 

I bought the property with cash for $90k 

Rehab costs: $200k 
Expected time to complete rehab: 6-8 months
ARV: $350k-$365k



2pt origination at 9.24%-    $7,700 origination with a $2964.5 Interest Only Payment

2.25 originations pts at 8.99%- $8,662.5 origination with a $2,884.29 I/O Payment.

2.5 pts origination at 8.74%- $9,625 origination with a $2,804.08 I/O payment

2.75 pts origination at 8.64%- $10,587.5 origination with a $2,772 I/O payment

3pts origination at 8.54%- $11,550 with a $2,739.91 I/O payment

3.25 pts origination at 8.44%- $12,512.5 with a $2,707 I/O payment

3.5pts origination at 8.34%- $13,475 with a $2,675.75 I/O payment

3.75pts origination at 8.24%- $14,437.5 with a $2,643.66 I/O payment

4pts origination at 8.14%- $15,400 with a 2,611.58 I/O payment.


How much should I expect to pay in Hard Money fees at the end of the day? How much will I profit on this deal?  What should I do? 

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