practice analyzing deal # 14

[Dieudonne T.]

Price	1% rule =	desired rent
230,000	0.01	2300
	Des Moines, IA 50313
price	230,000
closing co	2600
monhrent	2,200.00	house hacking duplex
repairs	2000	cosmetic
total cost	236,935
Loans
price	230,000	Down % |
downpay	11500	5%	FHA
total loan	218,500
Money Needed =		18,435
MONTHLY ESPENSES
PAYMENT	$979
tax	$334	M insure	H insure
insurance	$219	138	81
vacancy	110	5%
repairs	154	7%
management	0	0%
CapEx	275	12.50%
utilities	264	12.00%
TOTAL	$2,335		must pay $1,796		reserves $539
EVALUATION
MONTHLY INCOME =	-135.00
YEARLY CASH FLOW=	-1620
CASH ON CASH =	-8.787632221%	8%+ = good	15%+ = amazing
last sell price	2/24/2017 Sold $62,750