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Updated over 4 years ago,

User Stats

46
Posts
1
Votes
AJ Felix
  • Rental Property Investor
  • Prairieville, LA
1
Votes |
46
Posts

Deal Analysis advice

AJ Felix
  • Rental Property Investor
  • Prairieville, LA
Posted

Analyzing a deal right now and wanted to get some input. The numbers are estimated to be accurate. This is a 4-plex that I am quite interested in in South Baton Rouge, LA. Anything that seems to be missing? Just keep checking and triple checking because cashflow seems pretty high. Property reported to be in good shape and fully occupied. All units renovated within the last 3 years. Just needs a new roof. Estimated to cost $5,000-$6,000. 

Purchase Price $205,000 asking and current market value

Closing Costs ~$7,000

20% Down Payment $41,000

Total Cash Needed $48,000

Financed Amount $157,000

Mortgage Mo $772.35

Property Taxes Mo $208

Property Ins Mo $208

Lawn Care Mo $87.50

Management Mo $260

Vacancy Mo $78

Maintenance Mo $167

Total Monthly $1,780.85

Monthly Rent $2,600

Monthly Cash Flow $819.15

Cap Rate 9.3%

IRR 20.74% (this is the return on your initial investment)

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