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6
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0
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Kevin V.
  • Cleveland, OH
0
Votes |
6
Posts

3 bedroom / 2 bath 1,200sq ft SFR potential deal

Kevin V.
  • Cleveland, OH
Posted

Hi BP Members,

Any feedback on this potential deal would be a huge help.

Details:

Purchase price: $45,000

Down payment: $11,250 (25%)

Closing costs: $1,800

Rent: $875/mo

Mortgage: 4.5% fixed 30yrs. 

Insurance: $50/mo

Taxes: $150/mo

PITI: $371/mo

Expenses:

Vacancies  (10%): $87.50/mo

Cap X (5%): $43.75/mo

Maintenance  (10%): $87.50/mo

Total expenses: $218.75/mo

Cash flow: $285.25

Capitalization rate: 11.46%

ROI: 24.36%

Any feedback would be greatly appreciated. Thank you. 

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