Help with analyzing deal
Hello all, so I’ve come across a potential property I like and need help analyzing this deal.
Purchase price $399,000
Unit 1 has 3 bds and 1 bath
Unit 2 has 2 beds and 1 bath
Property taxes are 12k
Rent roll is $3,600
I’ll be putting 5% down
PMI around $230
Home Ins. $150
Interest rate 4%
Closing cost I’ll be conservative and say $10,000
Repair cost $10,000
30yr mortgage
Utilities seperate
Vacancy 5%
Repairs. 8%
Capital. 8%
Annual income growth 2%
I would appreciate any knowledge you are able to
Give me on the deal including what would be the “homerun” number for cash flow. Thanks again!
Annual PV growth 2%
Annual Expense growth