I saw an Instagram post by Craig Curelop showing the numbers on a client purchase (see below).
I am confused on loan paydown. How exactly is that 8k calculated?
Purchase Price: $430,000
Down Paymet: $11,000
All In: $20,000
After Repair Value: $475,000
Rent + Rent Savings: $3,600
Cash Flow: $800
Annual Net Worth ROI:
Cash Flow: $9,600
Loan Paydown: $8,000
Initial Payment: $20,000
That's an amortization calculator so you can see the loan paydown month by month or year by year.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you