this is deal analysis number #4
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Dieudonne T Nsabishaka
Rental Property Investor from Des Moines, IA
posted 1 day ago
talk about a walk of shame, got 2 weeks off work and the first thing i do is not practice daily property analysis. but now am back to my regular routine. hence this one
| Price | 1% rule = | desired rent | |||
| 139,900 | 0.01 | 1399 | |||
| Des Moines, IA 50316 | |||||
| price | 139,900 | ||||
| closing co | 2000 | ||||
| monhrent | 1,500.00 | after i move out | plus $620 rent | ||
| inspect | 500 | ||||
| total cost | 143,900 | ||||
| Loans | |||||
| price | 139,900 | Down % | | |||
| downpay | 4896.5 | 3.50% | |||
| total loan | 135,004 | ||||
| Money Needed = | $8,858 | ||||
| MONTHLY ESPENSES | |||||
| PAYMENT | $582 | ||||
| tax | $203 | M insure | H insure | ||
| insurance | $159 | 110 | 49 | ||
| vacancy | 75 | 5% | |||
| repairs | 75 | 5% | |||
| management | 0 | 0% | |||
| cap | 187.5 | 12.50% | |||
| utilities | 180 | 12.00% | |||
| TOTAL | $1,462 | ||||
| EVALUATION | |||||
| MONTHLY INCOME = | 38.50 | ||||
| YEARLY CASH FLOW= | 462 | ||||
| CASH ON CASH = | 5% | 8%+ good |