Help with analysis of a hypothetical MF-Buy-Renovate- Rent deal

[Bryan Yokoyama]

First time newbie using the PB BRRR tools to run some numbers on a hypothetical property deal.

I did this as I wanted to get some feed back from the more experienced members on PB

and also understand how the numbers relate to choosing a good deal over a bad deal. 

Property is an 8 bed 3 bath - 2 story Brick building built in 1880 with  total floor area of 3250 square feet on a 2500 square foot lot.

Asking price is $48,000 

Unit 1 & 2  - 3 bed 1 bath.   Rento meter  median rent = $1245 

Unit 3 - 2 bed 1 bath            median rent = $950 

I used an average rent of $850 per unit as a conservative estimate.

Property tax $3,206 PA  

Property/ units need cosmetic and minor renovations, budget = $20,000<$25,000.

Here are the Hypothetical numbers. 

[Bryan Yokoyama]

Originally posted by @Reynard Azada:

Curious about the down payment is the same amount of asking. An I missing something, should the house be $0 then? Help me I’m new so sorry in advance. Trying to learn the calculator as well! 

Good question Raynard.

As a non US resident I would likely  not have the option to borrow money from local banks etc .. 

I assumed for this exercise that I would need to pay the purchase price,closing costs and the renovation costs out of personal savings. 

So it would be an all cash deal. 

The he purchase price and  down payment (full purchase price)  are the same amount.