# [Calc Review] Help me analyze this deal

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*This link comes directly from our calculators, based on information input by the member who posted.

Are the tenants paying all of the utilities?

Insurance is missing from your expenses.

@Heyward Lovett , if it's the Seller who arranged those pro forma figures, I recommend taking a much closer look at both income and expenses figures, as well as the purchase costs and loan details.

Firstly, I find it hard to believe that you'd get \$18,000.00 monthly gross out of 5 units (only 1 of which has 3 bedrooms). [But, I acknowledge my ignorance of local rentals there].

Secondly, can you get a 30 yr fixed loan at just 4% for commercial property?

Thirdly, just \$3,500 closing costs for a \$1.8M property?

I could go on, but, you get the idea, right?

ie.  Be an investor who only buys property for less than what the market would sustain!

Good luck...

@Brent Coombs thanks for the feedback it’s greatly appreciated. I am definitely a newbie looking to gain experience using the calculators to analyze and find great deals. Any advice on how to find the real numbers so that I can go back and edit the document?

@Geordy Rostad thank you for your response and question. Yes the renters pay the utilities. I don’t have numbers for insurance. Is there a standard number to use for the insurance?

@Geordy Rostad home insurance is \$675

Originally posted by @Heyward Lovett :

@Brent Coombs thanks for the feedback it’s greatly appreciated. I am definitely a newbie looking to gain experience using the calculators to analyze and find great deals. Any advice on how to find the real numbers so that I can go back and edit the document?

Now I'm curious about how those numbers were arrived at in the first place? Who provided them?

If you're going to be an Investor, certainly you need to have a good understanding of "how to find the real numbers".  Asking here on BP has been a good start for you.  Hopefully you'll continue to get feedback that will inspire your researching.

My first suggestion to you would be:  Find out from Lender/s how much they'd lend you in such circumstances (ie. \$ Amount; Interest Rate and length of loan.  Hint: Aren't 30 yr loans only/mainly for ones primary residence)?

Secondly, you might like to start looking for an Investor-friendly (and objective) RE Agent who is happy to look at potential deals that you come across. One who doesn't hold back from telling you why it won't work in that location; that price, etc.

Also, you could/should join a local REI Club, which usually hold monthly meetings. Cheers...

Hi there and thanks again for responding. All or most of the info gathered came from the internet. Yes the 30yr mortgage is for primary residence (historically)

Building team as we speak! As well as joining real estate investor groups.

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