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Updated almost 8 years ago,
Would you do this deal or no deal?
Hello BP community I want to give you guys a huge shout-out for all the resource you and this platform has given me.
Here are the numbers I am running, would you do this deal or not?
Purchase Price:
$129,000.00
duplex
Purchase Closing Costs:$2,500.00Estimated Repairs:$1,500.00Total Project Cost:$133,000.00After Repair Value:$129,000.00Down Payment:$32,250.00Loan Amount:$96,750.00Loan Points:$0.00
Amortized Over:15 years Loan Interest Rate:5.500%Monthly
P&I:$790.53Total Cash Needed
By Borrower:
$36,250.00
Monthly Expenses:
$1,519.86 Monthly Cashflow:
$325.14 Pro Forma Cap Rate:
10.38% NOI:
$13,388.00 Total Cash Needed:
$36,250.00 Cash on Cash ROI:
10.76%
Purchase Cap Rate:
10.38%