My First Deal - Any advice?

[PJ Boxel]

Fellow Real Estate Investors,

Down here I want to layout my first deal. This deal takes place in Spain (However, I am not able to select that location). I am originally from the Netherlands. I started my Real Estate investing journey 8 months ago and I have obtained 4 properties by now. Of the 4, I want to discuss the numbers of my first deal here. I am trying to become specialized in achieving the highest possible CoC-Return. All suggestions, ideas and comments are very welcome:

Property Information - Financially
Purchase Price	€93.000
Purchase Closing Costs	€13.950
Estimated Repair Costs	€35.000
Pre-Rent Colding Costs	€1.280
Total Costs of Project	€143.230
After Repair Value	€ 150.000
Down Payment (Own Cash)	€87.830
Loan Amount	€55.400
Loan Fees	€1.200
Loan Interest Rate	4,04%
Period Loan	180 months

Property Information - Financially
MONTHLY INCOME	€2.400	TOTAL CASH NEEDED	€87.830
MONTHLY EXPENSES	€1.346,65	COC ROI	14,39%
MONTHY CASH FLOW	€1.053,35	TOTAL ROI	30,61%

The following categories have been included in the section "Monthly Expenses": Vacancy 5%, Taxes, Repairs 10%, CapEx, Internet, Insurance, Property Taxes, mortgage and interest. I even have a double financing on this property, otherwise my net CF per month would have been significant higher. Management fee is excluded, as I do management and tenant searching/screening myself.

I have been studying for over a year, got all books of the BP community and listened to all the podcasts I could find.

However, this is my first post as part of the BP community.

Wishing you all the best and fortune!

PS: I want to start doing private deals with these kinds of CoC-ROI deals, any tips? ;)

[Erwin Groenendijk]

Hi @PJ Boxel, cool to be reading through your deal. This is making us both Dutch people liking and investing in Spain 👍

In which city are you investing?

And how are you doing the calculations for the total ROI to get to the 30,61%?