Property #3 - Analysis Campagin

[Charles S.]

Just wanted to note that these are all real properties and real numbers.  I'm analyzing these deals to get feedback on the analyses but if someone is interested, please PM me.

2-unit Property in Queens, NY

Each unit is a 2br/1ba

Anticipated gross rents: $3.6k/mo

Operating expenses (per month):

- Vacancy: $180

- Repairs/Maintenance: $36

- Taxes: $300

- Insurance: $150

- Property Management: $180 (did this at 5% of gross rents because I can manage the property myself but I’d like to set aside a portion in case it makes sense to transition to management).

-CapX: $180

List Price: $419k

Desired Purchase Price: $399k

Downpayment: $79.8k

Anticipated Rehab: $10k

Closing Costs: $4.2k

30 yr loan @ 5%

Total Cash out of pocket: $94k

Annual CF (before taxes): $6175.56

ROI: 6.57%