Calculating property for BRRRR Strategy

[Talha Makki]

Hi All,

    I'm scrolling through properties just so I can get my mathematical up and discovered this property where I was running comps for. Below are the exact numbers that I calculated and would like to know if I'm doing it right. 

• Purchase price 133,614
• Down payment (20%) $26,722.8
• After repair value 190,878 
• Property Taxes $255
• Home Insurance $66
• PM $160
• Mortgage $583
• HOA 0
• Vacancy (10%) $160
• Repairs (5%)  $80
• 1600 Monthly rent
• -1304 the cost

Monthly Cash flow is 296

Cap Rate

Annual net(minus mortgage)/ purchase price

10548/133,614

7.9% cap rate

Cash on cash

Annual net/ Cash invested

3552/26722.8

13.29% cash on cash

Note: I haven't included CapEx.