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Updated almost 4 years ago,
practice analyzing deal # 13( slowing running out of deals )
Price | 1% rule = | desired rent | |||||
145,000 | 0.01 | 1450 | |||||
* slowly (will start looking at past deals.) | Des Moines, IA 50316 | ||||||
price | 145,000 | ||||||
closing co | 2600 | ||||||
monhrent | 800.00 | house hacking duplex | |||||
repairs | 2000 | cosmetic | |||||
total cost | 150,865 | ||||||
Loans | |||||||
price | 145,000 | Down % | | |||||
downpay | 7250 | 5% | FHA | ||||
total loan | 137,750 | ||||||
Money Needed = | 13,115 | ||||||
MONTHLY ESPENSES | |||||||
PAYMENT | $625 | ||||||
tax | $210 | M insure | h insure | ||||
insurance | $138 | 87 | 51 | ||||
vacancy | 40 | 5% | |||||
repairs | 56 | 7% | |||||
management | 0 | 0% | |||||
CapEx | 100 | 12.50% | |||||
utilities | 96 | 12.00% | |||||
TOTAL | $1,265 | ||||||
EVALUATION | |||||||
MONTHLY INCOME = | -465.00 | ||||||
YEARLY CASH FLOW= | -5580 | ||||||
CASH ON CASH = | -42.54670225% | 8%+ = good | 15%+ = amazing | ||||
last sell price | 1999 Sold $52,000 |