A couple questions about this deal

[Andrew B.]

Why do realtors sell properties that they can write down on paper and it says it makes 300 dollars a month cashflow? Why not keep them for themselves?

This deal I'd like you guys to have a look at , my realtor did it up for me

Property Address: Duplex List $ 349,000.00
Purchase Price: $340,000
Current Annual Yield: 9.00%
Debt Coverage Ratio: 1.54

Annually Monthly Up Down
Rent Required: $ 30,600.00 $ 2,550.00 $ 1,250.00 $ 1,300.00
Condo Fees: $ - $ -
Taxes(2007) $ 2,612.00 $ 217.67
Insurance: $ 400.00 $ 33.33
Property Mngt: $ 3,060.00 $ 255.00 10%
Vacancy Allowance: $ 918.00 $ 76.50 3%
Repairs & Maint.: $ 3,060.00 $ 255.00 10%
Other: $ - $ -

Total Expense: $ 10,050.00 $ 837.50

Parking Chattels
Bedrooms Year Built Sq. Ft.


New Financing: % Loan Amount Amortization Payment (PI) Monthly
95% 4.00% $323,000.00 35 $1,430.16

Cash to Close
Legal $ 1,500.00
Appraisal $ 300.00
Inspection $ 350.00
Condo Document Review $ 350.00
Reno
1 Month Reserve $ 2,550.00 Gross Cashflow $613.84
Down Payment $ 17,000.00
Total Cash to Close $ 22,050.00 Net Cashflow $282.34

*All information to be verified by purchaser. No warranties or guarantee apply*