Need help analyzing a rental in San Diego
Hi all! I'm fairly new to BP and and real estate. As my first post, I'm hoping someone can help me with an analysis of a property I'm interested in. The property is located in Spring Valley in San Diego, CA. After doing some research and listening to tons of BP podcasts, I think I've finally got my analysis down. Here are some of my main assumptions on the 4 bed 2 bath:
| List Price | $238,000 |
| Tax | $3,798 |
| Estimate Repairs | $10,000 |
| After Repair Value | $409,027 |
| Down Payment % | 20% |
| Down Payment Amount | $47,600 |
| Loan Amount | $190,400 |
| Loan Interest Amount | 4.00% |
| Loan Length (yrs) | 30 |
I've created my own analysis of the property:
I'm having trouble determining how to calculate the Pro Forma Cap rate, the Purchase Cap rate, and the NOI. Can anyone help? Is this a deal you would do? Hopefully all my figures and images populated correctly for you...Thanks for any and all of the advice!