practice analyzing deal #9

[Dieudonne T.]

Price	1% rule =	desired rent
164,900	0.01	1649
	Des Moines, IA 50311
price	164,900	MIP 0%	total closing
closing co	2500	0	2500
monhrent	3,600.00
repairs	2000	cosmetic
total cost	171,944
Loans
price	164,900	Down % |
downpay	32980	20%	some 6 plex commercial territory am unfamiliar with, just practicing the numbers
total loan	131,920
Money Needed =		40,024
MONTHLY ESPENSES					Changes to price	come on look at them #'s
PAYMENT	$573			Payment
tax	$239	M insure	H insure	tax
insurance	$58	0	58	insurance	0	0	0
vacancy	180	5%
repairs	252	7%
management	360	10%
CapEx	450	12.50%
utilities	432	12.00%
TOTAL	$2,544		must pay	$1,302	reserves	$1,242
EVALUATION
MONTHLY INCOME =		1,056.00
YEARLY CASH FLOW=		12672
CASH ON CASH =		31.66100%	8%+ = good	15%+ = amazing
price for good cash on cash =			already good.
for amazing cash on cash=			don't know if monthly expenses be like that but if they are this is sick