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Updated almost 4 years ago,
practice analyzing deal # 12
Price | 1% rule = | desired rent | |||||
159,900 | 0.01 | 1599 | |||||
Des Moines, IA 50316 | |||||||
price | 159,900 | ||||||
closing co | 2600 | ||||||
monhrent | 1,800.00 | house hacking 4 plex | |||||
repairs | 2000 | cosmetic | |||||
total cost | 166,162 | ||||||
Loans | |||||||
price | 159,900 | Down % | | |||||
downpay | 7995 | 5% | FHA | ||||
total loan | 151,905 | ||||||
Money Needed = | 14,257 | ||||||
MONTHLY ESPENSES | |||||||
PAYMENT | $666 | ||||||
tax | $232 | M insure | H insure | ||||
insurance | $152 | 96 | 56 | ||||
vacancy | 90 | 5% | |||||
repairs | 126 | 7% | |||||
management | 0 | 0% | |||||
CapEx | 180 | 10.00% | |||||
utilities | 216 | 12.00% | |||||
TOTAL | $1,662 | ||||||
EVALUATION | |||||||
MONTHLY INCOME = | 138.00 | ||||||
YEARLY CASH FLOW= | 1656 | ||||||
CASH ON CASH = | 11.61534685% | 8%+ = good | 15%+ = amazing | ||||