4 Family analysis In NYC What Do You Think

[Lawrence L.]

This Is A 10 Br property....2-2BR....1-3 BR....1-3BR duplex...With a 2 car garage 

Assuming Purchase Price of 625,000 with 20% Down With 1 POINT... 4% interest 30 years....

Loan Amount - 505,000

20% DP-125,000

Closing Cost ? - 12,000

estimated repairs - 100,000

Total Project Cost - 737,000

total Cash Needed - 237,000

ARV - 850,000..Being Conservative

Monthly Income-9400

2 2BR @1700

2 3BR @1900

change duplex and put back to 2 BR In basement 1700

Garage Rental 2 @ 250

monthly expenses- 7168.20 

Cashflow -2241.80

ROI-11.35%

 The area is also up and coming. I would like to get some input on the numbers and advice on how to present this to a potential partner or partners. Thanks in advance for your advice and help.