Updated over 10 years ago on . Most recent reply
First Deal analysis help! Used the BP Rent Calculator
Here are the numbers I have running through the calculations. I would appreciate any analysis help or any tips on how I might have erred. I tried to be conservative.
Purchase Price: $45,000.00
Purchase Closing Costs: $3,000.00
Estimated Repair Costs: $5,000.00
Total Cost of Project: $53,000.00
After Repair Value $50,000.00
Down Payment: $9,000.00
Loan Amount: $36,000.00
Amortized Over: 30 years
Loan Interest Rate: 5.00%
Monthly P&I:$193.26
Rent $700.00
Total Income $700.00
Vacancy $70.00
CapEx $70.00
Property Taxes $51.08
Repairs $70.00
P&I 193.26
Total expenses $454.34
| Monthly Income: $700.00 Monthly Expenses: $454.34 Monthly Cash Flow: $245.66 | Pro Forma Cap Rate: 9.94% Purchase Cap Rate 11.70% |
| NOI $5,267.00 Total Cash Needed $17,000.00 Cash on Cash ROI 17.34% | |