[Calc Review] Help me analyze this deal - Sect 8 Condo

[Scott Sweitzer]

Hi team,

I've purchased two condos in Washington, DC over the last year and I'm interested in taking on cash partners for similar deals. This is one that's available now. Because it is a studio apartment and will be rented by a Section 8 voucher-holder, I've gone below recommended levels for vacancy, cap ex and maintenance. On my most recent purchase, I took a short-term commercial loan and will be cashing out into a 30-year fixed rate product. With my JV, I'd like to work with a cash provider who can obtain conventional financing. Any thoughts about whether this calculation looks ready to share with potential investors?

Thanks!

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