Practice Deal Analysis (Auburn, WA)

[Łukasz Juraszek]

Hi there,

If you haven't seen my other deal analysis posts, I find SFRs that I think would be a good investment and practice deal analysis. Here's another property that got my attention:

214 M St NE, Auburn, WA 98002 2Beds 1Bath 1,040 Sq.

 https://www.redfin.com/WA/Aubu...

The reason it appears interesting to me is that it is located in a neighborhood where comps are around 350-370K. Although CoC ROI is basically 0, after cash-out refinancing, it would be a pure cashflow property.

As for the downpayment, and rehab, I would front my own money. I'm not sure about the rehab cost as I haven't seen the property, nor its inspection report. Despite that, it seems the property leaves $55k for a rehab and would still make it a good BRRRR. Thoughts?

Property Value	$215,000.00
Down Payment %	20.00
Down Payment	$43,000.00
Rehab	$15,000.00
Loan amount	$172,000.00
Interest rate %	3
Loan term (years)	30
Monthly Rent Income	$1,383.00
Taxes	$143.33
Insurance	$75.25
Utilities	$0.00
Management	$138.30
Vacancy	$69.15
Rapairs	$69.15
CapEx	$138.30
Mortgage	$725.16
Actual monthly payment
Total interest paid	$89,057.15
Cash Flow	$24.35
CoC ROI	0.50%