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All Forum Posts by: Andrea S.

Andrea S. has started 4 posts and replied 12 times.

Real Estate Deal Analysis & Advice

Post: We are thinking about buying this what do you think?

Andrea S.Posted
  • Investor
  • Siloam Springs, AR
  • Posts 12
  • Votes 0

We want to buy and hold (possibly using the BRRR method). This is an auction starting at $40000. We are trying to increase our income after my husband retires form the military. So I'm not sure if it's worth it to refinance.

We want to pay no more than 60000.00 for the property.

I used the calculator and tried to copy for the forum.Sorry it came out all scrunched up.

Purchase Price:$60,000.00  Purchase Closing Costs:$6,000.00  Estimated Repairs:$15,000.00   Total Project Cost:$81,000.00   After Repair Value:$75000.0

Monthly Income: $800.00 Monthly Expenses: $415.00 Monthly Cash flow: $385.00

0 Votes
Real Estate Deal Analysis & Advice

Post: We are thinking about buying this what do you think?

Andrea S.Posted
  • Investor
  • Siloam Springs, AR
  • Posts 12
  • Votes 0
Purchase Price:$60,000.00
Purchase Closing Costs:$6,000.00
Estimated Repairs:$15,000.00
Total Project Cost:$81,000.00
After Repair Value:$75,000.00
Down Payment:$60,000.00
Loan Amount:$0.00
Loan Points:$0.00
Loan Fees:$0.00
Amortized Over:0 years
Loan Interest Rate:0.00%
Monthly P&I:$0.00
Total Cash Needed By Borrower:$81,000.00
Monthly Income: $800.00 Monthly Expenses: $415.00 Monthly Cashflow: $385.00 Pro Forma Cap Rate: 5.70%
NOI: $4,620.00 Total Cash Needed: $81,000.00 Cash on Cash ROI: 5.70% Purchase Cap Rate: 7.70%
We want to buy and hold (possibly using the BRRR method).  This is an auction starting at $40000.
0 Votes