[Calc Review] Help me analyze this deal UPDATE

[Adina McCollough]

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[Tim Herman]

@Adina McCollough don't forget to tag. Cash on cash is the amount you receive after all expenses divided by total cash invested. You can't see the the updated numbers. Ill use the old numbers you are cash flowing $639.17*12=$7970.04/59000 total cash invested = 13% return on cash. I used 5% 30 year amortization 20% down. Plugging those numbers in you get a payment of $236.20. $639.17-236.20= 402.97*12=4835.64 Your total cash investment is 11k down+2k closing cost+2K repairs or 15k total cash. $4835.64/$15000=32.23% return on cash. If you did this on 3 additional properties ie total of 60K invested your income would be $19342.56. See what the power of leverage does for you.