Updated over 10 years ago on . Most recent reply
Brandon SturgillPoster
Property Manager
Pro Member
- Real Estate Broker
- Columbus, OH
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Would You Do This Deal on a SF Buy/Hold?....
2 bedrooms, 2 bathrooms.
| Purchase Price: | $50,000.00 | ||
| Purchase Closing Costs: | $1,500.00 | ||
| Estimated Repairs: | $5,000.00 | ||
| Total Project Cost: | $56,500.00 | ||
| After Repair Value: | $85,000.00 | ||
| Down Payment: | $12,500.00 | ||
| Loan Amount: | $37,500.00 | ||
| Loan Points: | $750.00 | ||
| Loan Fees: | $1,600.00 | ||
| Amortized Over: | 30 years | ||
| Loan Interest Rate: | 4.75% | ||
| Monthly P&I: | $195.62 | ||
| Total Cash Needed By Borrower: | $21,350.00 | ||
| Monthly Income: $750.00 | Monthly Expenses: $552.37 | Monthly Cashflow: $197.63 | Pro Forma Cap Rate: 8.35% |
| NOI: $4,719.00 | Total Cash Needed: $21,350.00 | Cash on Cash ROI: 11.11% | Purchase Cap Rate: 9.44% |
| Total operating expenses: | $356.75 | ||
| Mortgage expenses: | $195.62 | ||
| Vacancy: | $60.00 | Repairs: | $60.00 |
| CapEx: | $60.00 | Insurance: | $85.00 |
| Management: | $60.00 | P&I: | $195.62 |
| Property Taxes: | $31.75 |
Financial Info
Income-Expense Ratio (2% Rule):
1.33%
Total Initial Equity:
$47,500.00
Typical Cap Rate:
8.00%
Gross Rent Multiplier:
5.56
Debt Coverage Ratio:
2.01%
ARV based on Cap Rate:
$58,987.50
- Brandon Sturgill
- 614-379-2017
Realize Property Management Group
22 Reviews
3.6 stars