Is this a property you would buy?

[Dominic Richardson]

Looking for some feedback on the numbers on this property. Would you make an offer on this property based on these projected returns?

Property Details: SFH 6 beds 2 Bath 2016 sqft - Rented by the room.

Purchase: 340,000

Amount Financed: 272,000

Down Payment: 20% (68,000)

Purchase Costs: 12,777

Loan Type: 30 year

Interest Rate: 8.75%

Rents: 3,300

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Investment Returns - Year 1

Cap Rate (purchase) 8%

Cap Rate (Market Value) 7.1%

COC 1.8%

Return on Equity 1.3%

Return on Investment 25.1%

Internal Rate of Return 25.1%