All Forum Posts by: Jim Growfer

what other numbers are needed

@Joshua Daviesthe numbers are right there what do you mean you cant see the numbers

@Joshua Davies i did 500k*.07 = 35k

@Joshua Davies

did i do it right or did i analyze wrong

Okay.  So if i got a 16 unit going for 500k that has----- 

Gross Rent 150k Minus Expenses 75k = NOI 75k .

lets say debt is 35k/yr.   

75k NOI Minus 35k Debt=  40k Cash Flow / year

Is that 40% CoC?

2.14% DSCR

Is this all right? Did i mess up anywhere

@Greg Dickerson

you say "cash flow after expenses" isnt that the same thing as NOI?

how can i tell my broker that i am looking for a specific CoC % if they dont know what im using for funding?

Doesnt CoC strictly have to do with your debt ratio and DSCR?

12 unit building

100k Purchase price and 80k Rehab for a deal = 180k . HML usually do 75% of that, right?

so they would fund 135k of that 180k?  Which means i need to come up with 45k + closing costs?

@Cody L. I appreciate it if anything !  That is why i am asking. 

thank you

@Todd Dexheimer

thank you todd that is a great answer and helps a lot!