All Forum Posts by: Yang Li
Yang Li has started 2 posts and replied 3 times.
Post: $487 Cashflow and 18.90% ROI. Anything missing in the analysis?
- Posts 3
- Votes 0
Thanks for the suggestions, guys.
Bartosz, I like how you analyze the macro factors.
Joe, what you said makes sense. I will adjust the cost estimates. I am also thinking to estimate high maintenance cost for properties which I can't attend myself and have to hire someone.
Post: $487 Cashflow and 18.90% ROI. Anything missing in the analysis?
- Posts 3
- Votes 0
This deal looks good on paper. Did I miss anything in the analysis? Want to confirm before visiting the site. Thanks.
Address: 909 6th Ave Oroville WA 98844
NOI: $717
Cashflow: $487
Cash on Cash ROI: 18.90 %
---------------------------------------------
Price
Offer Price: $69,794
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Income
Rent: $1,172 @ 105 %
Other Income: $0
Total: $1,172
---------------------------------------------
Expenses
Interest: 3.88 %
Mortgage: $230
Tax: $45
HOA: $0
Vacancy: $59 @ 5 %
Insurance: $59 @ 5 %
Utilities: $0 (renters pay)
Repairs: $88 @ 8 %
CapEx: $88 @ 8 %
Property Management: $117 @ 10 %
Total: $685
---------------------------------------------
Total Investment
Down Payment: $20,938 @ 30 %
Closing Cost: $3,000
Rehab Cost: $6,979 @ 10 %
Total: $30,918
Hi,
I just started to invest in real estate. Looking for a good lawyer in Seattle area to help me setup the appropriate legal entity. Your reference would be appreciated !! Thanks.
Yang