I need help understanding this report using the BRRRR calculator
Friends,
I am looking to purchase my first property. Would you mind taking a few minutes of your time to help me understand the report I've linked below? Specifically I am trying to understand the following:
1. In the summary of the report at the top of page 1 the monthly expenses, monthly cash flow, and cash on cash are laid out in an 'X/Y' format. What are X and Y in each of those three categories? For instance monthly expenses is '$27,565/$1938', monthly cash flow is '-$27565/$62', and CoC is -681.7%/Inf%'. What are each of those numbers and where do they come from? Note, I am not asking what expenses, cash flow, and CoC are. I understand those concepts. I am trying to understand the specific numbers I am looking at.
2. In the sidebar on the first page under the section labeled 'Acquisition', the down payment reads $0 ($85000 surplus). Where is the $85,000 surplus coming from, or what is it referring to?
3. Again, under 'Acquisition' on page 1, 'total cash needed at purchase' is $45,000. How is that being calculated?
Obviously, this is not a good deal, but my biggest concern is that I don't yet understand how to read the report. Thanks for any help you can provide!
*This link comes directly from our calculators, based on information input by the member who posted.