[Calc Review] Help me analyze this deal
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@Mariano Coccoz, of course, it'd be better if the total project cost could be kept to below $217k, right? ie. After refinancing, you want zero of your own dollars left in the deal!
(Whereas the current Report shows you being out of pocket $28,020.00).
At first glance, your numbers seem a bit low for vacancy allowance and repairs. And what about capital expenditure (cap ex), over time? Also, are you sure Management will only be 8%?
But if you'd actually be grossing 1.5%/m from a $233k project (worth $310k) - why not?
(So long as those refinance 25 yr fixed loan terms are also actual/conservative!)
[Don't forget to check sold comps and actual market rents before believing pro forma figures!]
Welcome to BP. Thanks for sharing. All the best...