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Updated almost 2 years ago,

User Stats

36
Posts
11
Votes
PJ Boxel
  • Investor
  • Saint Louis
11
Votes |
36
Posts

First Deal - Highest CoC ROI possible

PJ Boxel
  • Investor
  • Saint Louis
Posted

Fellow Real Estate Investors,

Down here I want to layout my first deal. This deal takes place in Spain (However, I am not able to select that location). I am originally from the Netherlands. I started my Real Estate investing journey 8 months ago and I have obtained 4 properties by now. Of the 4, I want to discuss the numbers of my first deal here. I am trying to become specialized in achieving the highest possible CoC-Return. All suggestions, ideas and comments are very welcome:

Property Information - Financially
Purchase Price€93.000
Purchase Closing Costs€13.950
Estimated Repair Costs€35.000
Pre-Rent Colding Costs€1.280
Total Costs of Project€143.230
After Repair Value€ 150.000
Down Payment (Own Cash)€87.830
Loan Amount€55.400
Loan Fees€1.200
Loan Interest Rate4,04%
Period Loan180 months
Property Information - Financially
MONTHLY INCOME€2.400TOTAL CASH NEEDED€87.830
MONTHLY EXPENSES€1.346,65COC ROI14,39%
MONTHY CASH FLOW€1.053,35TOTAL ROI30,61%


The following categories have been included in the section "Monthly Expenses": Vacancy 5%, Taxes, Repairs 10%, CapEx, Internet, Insurance, Property Taxes, mortgage and interest. I even have a double financing on this property, otherwise my net CF per month would have been significant higher. Management fee is excluded, as I do management and tenant searching/screening myself.

I have been studying for over a year, got all books of the BP community and listened to all the podcasts I could find. 

However, this is my first post as part of the BP community. 

Wishing you all the best and fortune!

PS: I want to start doing private deals with these kinds of CoC-ROI deals, any tips? ;)

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