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Updated over 6 years ago on . Most recent reply

User Stats

34
Posts
6
Votes
Nicholas Smith
  • Investor
  • Stockbridge, GA
6
Votes |
34
Posts

Help Analyzing My First Buy & Hold

Nicholas Smith
  • Investor
  • Stockbridge, GA
Posted

Hello guys. I've bought my first property as a FHA live-in flip in 2016, but after being 80% done I'm starting to change my mind on whether I should sell it. Especially since I don't have anywhere else to live. So I was looking around at properties in my area and found a duplex. I wanted to see what people with more experience think about this analysis of the property.

Both units are occupied and are renting at $750

The seller is asking for $115,000 but I was going to offer $110,000

I haven't seen the inside of the house, but since the house is fully occupied I wasn't going to do any repairs on the place yet.

Down Payment: $23,000

My analysis says:  $1,500.00 MONTHLY INCOME 

$847.15 MONTHLY EXPENSES 

$652.85 MONTHLY CASHFLOW 

11.51% PRO FORMA CAP 

$13,233.00 NOI 

30.13% CASH ON CASH ROI 

11.51% PURCHASE CAP RATE

Do these numbers make sense or am I missing something vital. Every time I do an analysis I feel like I'm wrong so I don't pull the trigger. I think I've been having analysis paralysis. Any help will be appreciated.

Most Popular Reply

User Stats

288
Posts
171
Votes
Christian Nachtrieb
  • Rental Property Investor
  • Medford, MA
171
Votes |
288
Posts
Christian Nachtrieb
  • Rental Property Investor
  • Medford, MA
Replied

Would you mind breaking out your expenses into PITI, vacancy, capital expenditures, etc. to see if there's anything that might be missing? Just curious how you landed on $847.15.

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