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Updated about 7 years ago on . Most recent reply

User Stats

71
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10
Votes
Peter Bui
  • Orange, CA
10
Votes |
71
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Property in Long Beach, Feedback on Analysis?

Peter Bui
  • Orange, CA
Posted

Looking at this property in Long Beach and here is my analysis.

*Just for deal analysis practice, looking for some feedback to see if i should increase some expenses or add some missing expenses that I didn't account for. 

240 E Louise St Long Beach 90805

Lets say I purchase for 365000

Maybe rent it out for 2400 (too low, too high?)

Expenses 

Property Management Fees - NA
Repairs and Maintenance 50.00
Real Estate Taxes 400.00
Rental Property Insurance 100.00
Vacancy 100.00
Capex 100.00

Monthly Operating Expenses 750.00 

Loan

Down Payment 73,000.00
Loan Amount 292,000.00
Acquisition Costs and Loan Fees 10,950.00
Length of Mortgage (years) 30
Annual Interest Rate 5.000%
Initial Investment 83,950.00
Monthly Mortgage Payment (PI) 1,567.52 

Cash Flow: 2400 -  1566 - 750 = $82

ROI: 1.18%

According to this analysis, this isn't a good property to invest in. Any feedback would be appreciated! 

Thanks in advance!

Peter Bui 

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