practice analyzing deal # 11

[Dieudonne T.]

Price	1% rule =	desired rent
175,000	0.01	1750
	Des Moines, IA 50314
price	175,000
closing co	2500
monhrent	1,475.00	fully rented after required 1 year stay for FHA
repairs	2000	cosmetic
total cost	181,157
Loans
price	175,000	Down % |
downpay	8750	5%	FHA
total loan	166,250
Money Needed =		14,907
MONTHLY ESPENSES
PAYMENT	$735
tax	$254	M insure	H insure
insurance	$166	105	61
vacancy	73.75	5%
repairs	103.25	7%
management	0	0%
CapEx	147.5	10.00%
utilities	177	12.00%
TOTAL	$1,657		must pay	$1,332	reserves	$325
EVALUATION
MONTHLY INCOME =		-181.50
YEARLY CASH FLOW=		-2178
CASH ON CASH =		-14.61107571%	8%+ = good	15%+ = amazing
price for good cash on cash =	130,000	if downpayment remains the same.		160,000 if 20% down
for amazing cash on cash=	119,000	if downpayment remains the same.		157,000 if 20% down
if repairs exceed. not too sure.