Insight on my first deal

[Sam Wydner]

Hello all,

Hope everyone is having a great new year!

Ive closed on my first deal and would love to get some feedback or even constructive criticism on my own analysis.

Thanks in advance!

Gross Monthly Operating Income	1,300.00
Monthly Operating Expenses
Property Management Fees	104.00
Repairs and Maintenance	-
Real Estate Taxes	1.90
Rental Property Insurance	112.50
Homeowners/Property Association Fees	35.00
Replacement Reserve	-
Utilities	-
Pest Control	-
Accounting and Legal	-
Monthly Operating Expenses	253.40
Net Operating Income (NOI)
Total Annual Operating Income	15,600.00
Total Annual Operating Expense	3,040.80
Annual Net Operating Income	12,559.20
Capitalization Rate and Valuation
Desired Capitalization Rate
Property Valuation (Offer Price)	148,000.00
Actual Purchase Price	145,000.00
Actual Capitalization Rate	8.66%
Loan Information
Down Payment	29,000.00
Loan Amount	116,000.00
Acquisition Costs and Loan Fees	2,264.00
Length of Mortgage (years)	30
Annual Interest Rate	5.125%
Initial Investment	31,264.00
Monthly Mortgage Payment (PI)	631.60
Annual Interest	5,906.06
Annual Principal	1,673.20
Total Annual Debt Service	7,579.26
Cash Flow and ROI
Total Monthly Cash Flow (before taxes)	415.00
Total Annual Cash Flow (before taxes)	4,979.94
Cash on Cash Return (ROI)	15.93%