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Updated about 10 years ago,
Any calculators for this type of investment analysis
There are a lot of calculators on here to help analyze REI. Is there on for buy a property (4fam) with a conventional mortgage, doing the rehab, renting it out, and doing a cash out refi all in one?
I'm looking at a possible 4 family for purchase. Asking is 45k. I haven't been on site yet but I believe it is in good enough shape to pass an inspection and qualify for conventional financing and put down 25% at around 5.5% interest rate. This is just an assumption at this point but let say it could need anywhere from 22k to 30k in rehab, with an ARV of about 95K. Fully rehabbed and rented on the conservative side gross rents should be 1600 a month. Then I would look to do a cash out refi of possibly 70% LTV.
So any models out there?