Single family 3br, 1bath 900 sq feet analysis help
Hello Bp. I switched from duplexes to single family for the better selection, and better area for my first property. I was hoping someone can take a glance at my numbers. @Arpan Patel @Jeff Filali @Ranga Ramanathan
3 bedroom, 1 bath 900 square feet
Asking Price - 110k
Offering price - 105k (the most ill pay for the property, will offer lower)
ARV - 170k (180k seems normal for the area)
Repairs - 20k
Cash on cash - 49%
Monthly cashflow - $212
ACQUISITION
Downpayment - 21k
Hardmoney lender - 12% at 2 points
Loan amount 84k
Total money in 46k
REFINANCE
loan - 128k
closing costs - 3k
4% over 25 years,
rent: $1250
tenants pay all utilities. I have not factored in property management
Total cash invested - $5000
I think i factored in all the numbers from the BRRRR calculator. If theres anything missing please let me know. Thanks!