[Calc Review] Help me analyze this deal

[Fahim Kayed]

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[Jaysen Medhurst]

@Fahim Kayed,

• As @Taylor Chiu pointed out your repairs and CapEx are very low. Figure ~15% combined.
• Have you confirmed the taxes? $300 is too round a number.
• You should expect at least 6 months before you can refi using a new appraisal.
• What are the $10k in closing costs? That's very high. Usually closer to $4k.
• Your 1st loan is HML? That why such a high interest rate?
• What are the $15k in loan fees for the refi? That's ~6.5 points.
• Assuming this is 1-4 unit, you can probably do a little better on refi rate. I've seen CUs near me offering 4.7%, 30-yr.
• What kind of property is this? SFR or multi?