All Forum Posts by: Keith Wildermuth

Hi Jaron and thanks for taking the time to respond. The place is pretty good to go right off the bat. Down the line I could install some new countertops in the kitchen and baths but they're a nice enough laminate at the moment. I took your suggestion and increased Capex (built in 2008) and vacancy to 5%. I also corrected the oversight in insurance and now I'm looking at 7.55 COC ROI, a far cry from the 11% it was before. Do you find that there are very few exceptions to the 1% rule? Consider is hard/fast?

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*This link comes directly from our calculators, based on information input by the member who posted.

@Tim Herman Thanks for your reply and sorry for the incomplete information.  Here's the link to the calculator https://www.biggerpockets.com/...

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