practice analyzing deal # 6

[Dieudonne T.]

	1% rule =	desired rent
89,900	0.01	899
	Des Moines, IA 50316
price	89,900
closing co	2500
monhrent	1,200.00
repairs	5000
total cost	98600
Loans
price	89,900	Down % |
downpay	3146.5	3.50%	FHA
total loan	86,754
Money Needed =		$11,630
MONTHLY ESPENSES
PAYMENT	$395
tax	$130	M insure	H insure
insurance	$110	79	31
vacancy	60	5%
repairs	84	7%
management	120	10%
cap	84	7.00%
utilities	0	0.00%
TOTAL	$983
EVALUATION
MONTHLY INCOME =		217.00
YEARLY CASH FLOW=		2604
CASH ON CASH =		22%	8%+ = good		15%+ = amazing
price for good cash on cash =	already good
for amazing cash on cash=	already amazing
if repairs exceed $30000 cash on cash less than good unless price drops