All Forum Posts by: Account Closed

Purchase Info
Purchase Price	$ 153'000
- First Mortgage	$-100'000
- Second Mortgage	$-0
= Downpayment	$ 53'000
+ Buying Costs	$ 3'060
+ Initial Improvements	$0
= Initial Cash Invested	$ 56'060
Square Feet	1'458
Cost per Square Foot	$ 105
Monthly Rent per Square Foot	$ 1.06

Mortgages First Second
Loan-To-Cost Ratio	65.36 % 0 %
Loan-To-Value Ratio	65.36 % 0 %
Loan Amount	$ 100'000 $ 0
Loan Type	Amortizing
Term	30 Years
Interest Rate	6.75 %
Payment	$ 648.60 $ 0.00

Financial Metrics (Year 1)
Annual Gross Rent Multiplier	8.3
Operating Expense Ratio	39.5 %
Debt Coverage Ratio	1.33
Cap Rate (Purchase Price)	6.7 %
Cash on Cash Return	4.5 %

Assumptions
Appreciation Rate	6.0 %
Vacancy Rate	8.0 %
Income Inflation Rate	4.0 %
Expense Inflation Rate	3.0 %
LTV for Refinance	70.0 %
Selling Costs	$ 10'710

0 Votes

@trey thanks ! gross rent is 1545.- monthly and yes we had a broker..

Income Monthly Annual
Gross Rent	$ 1'545 $ 18'540
Vacancy Loss	$-124 $-1'483
Operating Income	$ 1'421 $ 17'057

Expenses (% of Income) Monthly Annual
Maintenance (9 %)	$-128 $-1'530
Insurance (5 %)	$-75 $-900
Management Fees (6 %)	$-85 $-1'020
Taxes (18 %)	$-260 $-3'126
Association Fees (1 %)	$-13 $-160
Operating Expenses (39 %)	$-561 $-6'736

Net Performance Monthly Annual
Net Operating Income	$ 860 $ 10'321
- Mortgage Payments	$-649 $-7'783
- Year 1 Improvements	$-0 $-0
= Cash Flow	$ 211 $ 2'538

0 Votes

@jay thanks for this important inputs! youre absolutly right.............. we gonna hold it long term richdad strategy

0 Votes

@cody thanks the money lender asked 35% , purchase price was 153'000.- NOI 860.- , mortgage 649.- cashflow mtly 211.- ... you as an investor your cashoncash is usually how much for houston similar properties? i guess a s a foreigner/llc owner first time buyer financing is challenge :)

0 Votes

Dear All,

We are working and living in Switzerland and invested in Houston into our first cashflow real estate single familiy house which gives us a real Cash-on-Cash of 4.5% and if we would change finance from 6.75% interest rate to 5% interest rate it would result us a 6.9% Cash-on-Cash. We are new and want to learn, do you think this rate is ok or not so? the property is located at

http://www.zillow.com/homedetails/15511-Pebble-Lake-Dr-Houston-TX-77095/28372870_zpid/

0 Votes

All Forum Posts by: Account Closed

Account Closed has started 7 posts and replied 25 times.

Post: Cash-on-Cash 4.5 later 6.9%

Post: Cash-on-Cash 4.5 later 6.9%

Post: Cash-on-Cash 4.5 later 6.9%

Post: Cash-on-Cash 4.5 later 6.9%

Post: Cash-on-Cash 4.5 later 6.9%