All Forum Posts by: Ronilson Ribeiro
Ronilson Ribeiro has started 1 posts and replied 2 times.
Post: Help analyzing a deal
Ronilson RibeiroPosted
- Kansas City, MO
- Posts 2
- Votes 0
@Mark Robertson - I agree, I am somewhat concerned about the water bill and the gas. The unit is in good condition, no major repairs (as far as I can tell). All 4 units are occupied.
This is what the expenses look like...
| Monthly Operating Expenses | Actual | |
| Taxes | $120.00 | |
| Insurance | $100.00 | |
| Water/Sewer | $250.00 | Based on the information I received from the seller. Seems a bit high for all 4 units. Could it be bad property management? |
| Garbage | $0.00 | |
| Electric | $24.00 | |
| Gas | $212.00 | Based on the information I received from the seller. Seems a bit high for all 4 units. |
| HOA Fees | $0.00 | |
| Lawn/Snow | $0.00 | |
| Vacancy | $150.40 | 8% |
| Repairs | $100.00 | |
| CapEx | $131.60 | 7% |
| Property Management | $0.00 | |
| Mortgage | $381.93 | |
| Total Monthly Operating Expenses | $1,469.93 |
Post: Help analyzing a deal
Ronilson RibeiroPosted
- Kansas City, MO
- Posts 2
- Votes 0
Fellow BPs,
I need help analyzing my 1st deal.
Multifamily 4 Units (1 bedroom - 2 and 2 bedrooms - 2) located in a small income city:
Listing Price: $100,000.00
Down Payment: 20.00% (assuming)
Annual Interest Rate: 4.00%
Gross Monthly Operating Income: $1,880.00
Total Monthly Operating Expenses: $1,469.93
Monthly Mortgage Payment (PI): $381.93
Acquisition Costs and Loan Fees: $2,000.00
Cash on Cash Return (ROI): 22.37%??
What are your thoughts?
Regards