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Updated about 4 years ago on . Most recent reply

deal analysis # 2 i will make this a habit
trying to make this a daily habit for the next 90 days
Price | 1% rule = | desired rent | ||
189,000 | 0.01 | 1890 | ||
Des Moines, IA 50311 | ||||
price | 189,000 | |||
closing co | 2000 | |||
monhrent | 1,978.00 | |||
inspect | ||||
total cost | 192,978 | |||
Loans | ||||
price | 189,000 | Down % | | ||
downpay | 6615 | 3.50% | ||
total loan | 182,385 | |||
Money Needed = | $10,553 | |||
MONTHLY ESPENSES | ||||
PAYMENT | $767 | |||
tax | $274 | M insure | H insure | |
insurance | $215 | 149 | 66 | |
vacancy | 98.9 | 5% | ||
repairs | 98.9 | 5% | ||
management | 0 | 0% | ||
cap | 247.25 | 12.50% | ||
utilities(water + etc.) | 237.36 | 12.00% | ||
TOTAL | $1,938 | |||
EVALUATION | ||||
MONTHLY INCOME = | 39.59 | |||
YEARLY CASH FLOW= | 475.08 | |||
CASH ON CASH = | 5% | 8%+ good |