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Updated over 3 years ago on . Most recent reply
Deal Analysis Review
Hello Bigger Pockets, Im practicing running the numbers to find deals and would love it if you guys could review this particular analysis. The analysis is based off using a private investor to fund the deal, pay the investor 10% of the cashflow over 2 years. After 2 years, refi and pay the investor their initial investment + 10%.
| 4-unit apartment building (all units 2 bd/ 1 ba) 3472 Sq Ft Rent: $740/unit/mo |
||
| Price | $ 195,000.00 | |
| Down Payment(%) | 20.00% | |
| Down Payment($) | $ 39,000.00 | |
| Closing Cost | $ 9,750.00 | 5.0% |
| Estimated Rehab | $ 10,000.00 | |
| Total Invested | $ 58,750.00 | |
| Principal | $ 156,000.00 | |
| Int Rate(%) | 4.50% | |
| Loan Term (Years) | 30 | |
| Mortgage | $790.43 | $ 9,485.15 |
| 70% Rule ARV | $ 292,857.14 | |
| Income | ||
| Rent ($) | $ 2,960.00 | $ 35,520.00 |
| Estimated Expenses | ||
| Expense | Monthly | Annual |
| Vacancy (5%) | $ 148.00 | $ 1,776.00 |
| Prop Manager (10%) | $ 296.00 | $ 3,552.00 |
| Utilities (100/mo) | $ 100.00 | $ 1,200.00 |
| Prop Tax (3%) | $ 487.50 | $ 5,850.00 |
| Insurance (100/mo) | $ 100.00 | $ 1,200.00 |
| Repair/Maint/CapEx (100/unit/mo) | $ 400.00 | $ 4,800.00 |
| Landscape (60/mo) | $ 60.00 | $ 720.00 |
| TOTAL | $ 1,591.50 | $ 19,098.00 |
| Cash Flow | ||
| Tot. Cash Flow | $ 578.07 | $ 6,936.85 |
| Tot. Cash-On-Cash Return | 11.8% | |
| Investor Cash Flow | $ 57.81 | $ 693.69 |
| 2 Yr. Investor Profit | $ 9,198.08 | |
| 2 Yr. Investor CoC Return | 15.7% |