[Calc Review] Help me analyze this deal

[Nagib Kaik]

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*This link comes directly from our calculators, based on information input by the member who posted.

Did I do this calculation right?

 What do you gents and gals think? Your feedback is greatly appreciated.

Nagib Kaik

[Leon Collins]

Well, there is no right or wrong way to calculate a property. If I were you, I would run the numbers like this: Offer Price $85,000 with 20% dn. (instead of $99k. Closing cost $3k, appraisal & inspection $750), Monthly Income $1,200 (raise the rent by charging for the ensuite – 4/2 instead of 3/2), Monthly Expenses $908.99 (instead of $921.08; tenants pay all utilities), Total Cash Needed $25,750 (instead of $105k and your $5000 for repairs is still included), Monthly Cash Flow $291.01 (instead of $213.92), and your Cash On Cash ROI would be 13.5% (instead of 2.43%). This is possible with 5% for repairs, and 10% CapEX. This is one way I would do it. If you still need help with this, I'll be glad to share the spreadsheet I used.