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Updated over 7 years ago,
Pls help analyzing this deal
Hi, I found a quad that looks pretty nice. The area rents for 900-1200 per month. Do you think that this is a good deal?
| Down Payment: | $0.00 |
| Loan Amount: | $300,000.00 |
| Loan Points: | $0.00 |
| Loan Fees: | |
| Amortized Over: | 30 years |
| Loan Interest Rate: | 5.000% |
| Monthly P&I: | $1,610.46 |
| Total Cash Needed By Borrower: | $15,000.00 |
| Monthly Income: $4,000.00 | Monthly Expenses: $3,268.80 | Monthly Cashflow: $731.20 | Pro Forma Cap Rate: 8.65% |
| NOI: $28,100.00 | Total Cash Needed: $15,000.00 | Cash on Cash ROI: 58.50% | Purchase Cap Rate: 9.37% |
| Total operating expenses: | Mortgage expenses: | ||
| Vacancy: | $400.00 | Repairs: | $400.00 |
| CapEx: | $200.00 | HOA: | $125.00 |
| Insurance: | $75.00 | Management: | $400.00 |
| P&I: | $1,610.46 | Property Taxes: | $58.33 |