[Calc Review] Help me analyze this deal

[Martin Mondejar]

Hey everyone! I'm looking at this Deal on a 4/2 SFH in the Phoenix, AZ area and would love to get feedback on the analysis. I took some SWAG guesses on doing this BRRRR with Hard Money and then refinancing with a Conventional loan. I'm especially wary about the rent, though. Based on rough comps of the area I'm not sure I'd even get as high as is shown. What do you all think?

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[Wren Martin]

@Martin Mondejar I believe when we last spoke I mentioned I was doing a flip in Phoenix. I thought I would share some of the data on this project to help you with your analysis. The house is near 19th Ave & Indian School, so a fairly central neighborhood within the I-10 - 101 Loop. I'm adding a bedroom to make it a 4/2 with Master Suite. Per Rentometer.com the avg. 4 Bed Rent in that area is $1,443 and the median is $1,298. ARV is $345,000. Rehab cost is $42,500 which includes all cosmetics plus a new open floor plan Kitchen, Bedroom, Pantry, and Laundry. I used a private money lender at 12% w/ monthly payments, loan LTV is 65% of ARV. No points, no fees. I presented the deal to (3) HM lenders and they were all 12-14% w/ 3-4 points and some admin fees. On your analysis you show 8% loan, I assume for the HM. I don't believe you will find that low of a rate unless you have a private money source that is probably Family. I hope this helps.