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Updated about 8 years ago,

User Stats

96
Posts
26
Votes
Yia Her
  • Real Estate Investor
  • Sacramento, CA
26
Votes |
96
Posts

good rental or no good?

Yia Her
  • Real Estate Investor
  • Sacramento, CA
Posted

Currently negotiating a deal to keep as rental.  Just want to see if my numbers I have inputted in the rental calculator is good and from your experience, would this be a good buy why or why not.   

Property Info:

Purchase Price: $180,000.00 

Purchase Closing Costs: $5485

Estimated Repair Costs: $6,700

Total Cost of Project: $192,185

After Repair Value or Market value: $240,000.00

Down Payment: $36,000 Loan Amount: $144,000.00

Loan Fees: Amortized Over: 30 years 

Loan Interest Rate: 5.000% 

Monthly P&I: $721.49

Monthly Rental Income: $1,450 

Monthly Expenses: $1,157.84 (this includes taxes, insurance, landlord covers utilities, garbage)

Monthly Cash Flow: $292.16

Pro Forma Cap Rate:5.22%

NOI: $12,520.00

Total Cash Needed: $49,625

Cash on Cash ROI: 7.06%

Purchase Cap Rate: 6.96%

Thanks 

Yia 

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