Would you do this deal?

[Garrett Diegel]

This would be our second deal and 4th unit. I always run things by people smarter than me, which is ALL OF YOU in this case. Here are the basic numbers. Not a bad deal in my area, would you do this deal? Am I missing anything. I was in little bit of a rush to post this so I am sure I left something out in the numbers below.

Property: Single family 2/1 home built in 1986. New paint, carpet, and touch up from prior owners.

Purchase Price: $85,000 offer

Monthly Rents: $850

Vacancy: $85 - 10%

Cap Ex: $85 - 10%

Insurance $58.00 - 7%

Prop Taxes: $66.67 - 8%

Repairs:$42.50 - 5%

Water / Sewer: $50 - 6%

Mortgage: $324.64 - 38%

Monthly Cash Flow - $138.19

Total Cash Needed to close: $25,000 taking into account unknown possible repair budget

Cap Rate: 6.53%

Lending : 30 year conventional / 20% down