practice analyzing deal #7

[Dieudonne T.]

Price	1% rule =	desired rent
170,000	0.01	1700
	Des Moines, IA 50316
price	170,000	MIP 1.75%	total closing
closing co	2500	2975	5475
monhrent	2,000.00	fully rented
repairs	1000	cosmetic
total cost	178,475
Loans
price	170,000	Down % |
downpay	5950	3.50%	FHA
total loan	164,050
Money Needed =		16,313
MONTHLY ESPENSES
PAYMENT	$718
tax	$246	M insure	H insure
insurance	$194	134	60
vacancy	100	5%
repairs	140	7%
management	0	0%
CapEx	250	12.50%
utilities	240	12.00%
TOTAL	$1,888
EVALUATION
MONTHLY INCOME =	112.00
YEARLY CASH FLOW=	1344
CASH ON CASH =	8.238827929%	8%+ = good	15%+ = amazing
price for good cash on cash =	already good
for amazing cash on cash=	put down 20%
if repairs exceed $2000 cash on cash less than good