Calc. Review - First Deal

[Keith Wildermuth]

Monthly Income: Monthly Expenses: Monthly Cash Flow: Pro Forma Cap Rate:

$1,600.00 $1,200.36 $408.20 6.70%

NOI Total Cash Needed Cash on Cash ROI Purchase Cap Rate

$14,064.00 $45,150.00 10.85% 6.70%

Property Information

Purchase Price: $210,000.00

Purchase Closing Costs: $3,150.00

Estimated Repair Costs: $0.00

Total Cost of Project: $213,150.00

After Repair Value

Down Payment: $42,000.00

Loan Amount: $168,000.00

Loan Points:

Loan Fees: $0.00

Amortized Over: 30 years

Loan Interest Rate: 3.600%

Monthly P&I: $763.80

[Tim Herman]

@Keith Wildermuth more than likely this isn't cash flowing 10% cash on cash. Doesn't meet the 1% rule. Monthly rent/1%= Purchase price. $1600/.01=160k. As a pro member you can post the whole analysis in the forums. You have only posted the the end results. I need to see how you got your numbers. You have hard costs such as taxes, insurance,P&I, utilities if landlord paid, and soft costs such as vacancy, repairs and capex.