practice analyzing deal #8

[Dieudonne T.]

Price	1% rule =	desired rent
175,000	0.01	1750
	Des Moines, IA 50316
price	175,000	MIP 1.75%	total closing
closing co	2500	3062.5	5562.5
monhrent	700.00	house hack
repairs	1000	cosmetic
total cost	182,263
Loans
price	175,000	Down % |
downpay	6125	3.50%	FHA
total loan	168,875
Money Needed =		14,849
MONTHLY ESPENSES
PAYMENT	$753
tax	$254	M insure	H insure
insurance	$199	138	61
vacancy	35	5%
repairs	49	7%
management	0	0%
CapEx	87.5	12.50%
utilities	84	12.00%
TOTAL	$1,462
EVALUATION
MONTHLY INCOME =		-761.50
YEARLY CASH FLOW=		-9138
CASH ON CASH =		-61.53949761%	8%+ = good	15%+ = amazing
price for good cash on cash =	no info on how many bedrooms each unit has
for amazing cash on cash=	no info usually bigger downpay does it
if repairs exceed. would need to view house to tell.