Skip to content
Real Estate Deal Analysis & Advice

User Stats

29
Posts
13
Votes
Red Smith
  • Rental Property Investor
  • Green Bay
13
Votes |
29
Posts

New to the numbers - Opinion on Analysis

Red Smith
  • Rental Property Investor
  • Green Bay
Posted Jul 8 2020, 13:01
We are looking at a multifamily home in NE Wisconsin. Price recently dropped from 100k to 95k.  My own CMA puts the property at 85-90k, so will probably offer a lower amount to feel out the bottom. However, we have done the numbers at asking price and would like if we should be looking for better numbers or if this is looking sound... And thanks for being here doing what your doing!

Purchase price is 95 k - DP 20% (19k)  - carrying a balance of 76k - Closing and rehab is 13k
Monthly rental gross is $1350  -CapEx = 25% and the Mortgage with PITI would be $530
NOI is $435 - CoC ROI is 16.24% and cap rate is 8.1%

Loading replies...