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Updated over 8 years ago,

User Stats

4
Posts
1
Votes
Krista Thorn
  • San Diego, CA
1
Votes |
4
Posts

Need help analyzing a rental in San Diego

Krista Thorn
  • San Diego, CA
Posted

Hi all! I'm fairly new to BP and and real estate. As my first post, I'm hoping someone can help me with an analysis of a property I'm interested in. The property is located in Spring Valley in San Diego, CA. After doing some research and listening to tons of BP podcasts, I think I've finally got my analysis down. Here are some of my main assumptions on the 4 bed 2 bath:

List Price $238,000
Tax $3,798
Estimate Repairs $10,000
After Repair Value $409,027
Down Payment % 20%
Down Payment Amount $47,600
Loan Amount $190,400
Loan Interest Amount 4.00%
Loan Length (yrs) 30

I've created my own analysis of the property:

I'm having trouble determining how to calculate the Pro Forma Cap rate, the Purchase Cap rate, and the NOI. Can anyone help? Is this a deal you would do? Hopefully all my figures and images populated correctly for you...Thanks for any and all of the advice!

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