How Do You Calculate Loan Paydown?
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
Rehab: $9,000
All In: $20,000
After Repair Value: $475,000
Rent + Rent Savings: $3,600
PITI: $2,300
Reserves: $500
Cash Flow: $800
Annual Net Worth ROI:
Cash Flow: $9,600
Loan Paydown: $8,000
Appreciation: $45,000
Initial Payment: $20,000
NWROI: 313%