First Deal Analysis

[Sam L.]

New member here wanting to check my numbers for a property in which I'm interested. Building is a four-plex. Do these numbers look good?

Purchase Price: $110,000

Gross Income: $2100

Vacancy Expense: $210 (based on 10%)

Insurance: $68

Electric/Gas: $60

Taxes: $200

Management: $210 (based on 10%)

Water/Sewer: $250

CapEx: $210 (based on 10%)

Operating Expenses: $1,208

Net Operating Income: $892

Mortgage Payment: $750

Cashflow: $142

Downpayment: $10,000

ROI - Cash Basis: 17.1%