Help me Analze My Deal

[Brad Tabor]

SFH outside of Houston, TX Would you do this deal?	SqFt
1716
				Rental
$ 110,000	PP			Loan Amount $	$ 137,600
$ -	Closing Costs	0%		Annual Interest Rate	4.5%
$ 25,000	Rehab			Life Loan (in years)	30
$ 135,000	Total Cost			Number of Payments per Year	12
Hard Money				Total Number of Payments	360
$ 95,400	Hard Money			Payment per Period	$697.20
$ 25,000	Escrow			Taxes	$3,181.00
$ 120,400	Total Loan	70%		Cash Left In Home	$ 10,478.30
				Income
$ 14,600	Balance of Sale			Rent	$ 1,400
$ 2,950	Points	2.45%		Costs
$ 5,087	APR (6 MTHS)	8.45%		Taxes	$ 265
$ 848	Interest Pmts			HOA	$ 18
$ 3,300	Closing Costs	3%		Insurance	$ 55
$ 20,850	Cash at close			Vacancy	$ 112	8.0%
$ 11,337	Cost of Loan			CapEx	$ 42	3.0%
$ 2,701	Holding Costs			Repairs	$ 42	3.0%
Refinance				Management	$ 28	2.0%
$ 172,000	ARV	100.2		Total	$ 562
$ 137,600	LTV	80%
$ 4,128	Closing costs	3%		Cash Flow	$ 141	$ 253
$ (10,478)	Cash left in deal	10%		NOI	$ 1,688.61	1.2%
				50% Rule
				Cash on Cash	16.12%
Estimate Repairs Details			Equity	25.0%
Flooring	6200
Paint	3200
2 Bath	2000
Kitchen	3200
Foundation	8000
	22600

[Frank Geiger]

This is crazy hard to follow and read. Plug it into a calculator and you may get more help. I will point out your expenses are crazy low and if you factor real numbers into expenses, it will not be a good deal. However, if you leave some more cash into it after the REFI it will allow the property to cash flow but at a lower CoC. Play around with the numbers to determine a good offer price.