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Updated over 8 years ago on . Most recent reply

User Stats

9
Posts
2
Votes
Daniel Barroso
  • Wellsville, NY
2
Votes |
9
Posts

Seeking Lender based on cash flow numbers

Daniel Barroso
  • Wellsville, NY
Posted

Hi, I am new to BiggerPockets. I am looking for a lender based on cash flow numbers.

Here are the numbers for property I am looking at . Thanks for feedback all. 

Income: $43,200
Expenses: ($8800 taxes, $7200 maintenace and vacancy) high Estimate $16,000
Net Operating Income $27,200
Debt Service: Annual Mortgage payments $7,200
Cash Flow: $20,000
DSCR: 3.78
Cash on Cash: 61.54%
Cap Rate: 20.92%
 
Purchase Price: $130,000
DSCR: 3.50
Interest Rate (%): 5.50%
Amortization (yrs): 30 yrs
Interest Only: No
Loan Amount: $97,500
Down Payment: $32,500

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