All Forum Posts by: Ryan Burnham

Daily deal analysis practice #7

Anoka MN
SFH
Price: 210k (20k above list)
20% down
$49,500 cash needed
$247 cash flow ($412 if self managed)
6% CoCr (10% if self managed)
Buy and hold
Comps in comments

I wouldn’t buy because I think I can get the same or better cash flow and cash on cash return in a better area. This is a C+ area by my judgement.

https://www.biggerpockets.com/...


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

Daily deal analysis practice #6

Purchase price: 295k (25k above list)
Cash needed: 67k
20% down
Buy and hold sfh
5% Capex
7% Vacancy
5% Maintenance
10% Property Management

CoCr: 7.94% (12.19% if self managed)
Cash flow: $443 ($680 if self managed)

I would probably move forward with this one. Great, desirable area near Lake Minnetonka.
Rental comps in comments

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

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I missed yesterday, but I'm up late for Deal Analysis Practice #5.Andover, MNhttps://www.biggerpockets.com/.../064a3b34-13d3-48e0-88df...Purchase Price $320k (20k above listing price)20% down74k initial costSFHRent: $2,100Buy and holdCashflow: $222 ($442 if self managed)CoC return: 3.61% (7.18% if self managed)Not a deal to me

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

Way to go!

I noticed that there is no money allocated for maintenance or CAPEX. Is this intentional? I know most people put 5-10% for each of these.

Also, even if self managing I know some people put 10% for property management in case they decide they no longer want to self manage in the future. 

rental comps

Thank you, I appreciate it! Yes, as far as I know duplexes in this area typically will have seperate water and sewer.

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Looks better than the last few I’ve analyzed.

Put purchase price at 480k, which is 20k above asking
Duplex 4/2 each unit
20% down
$700 month cash flow ($1,050 if self managed)
7.93% CoC return (11.88% if self managed)
Buy and hold strategy

Monthly rent per unit: $2,050
Rental comps listed in comments
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*This link comes directly from our calculators, based on information input by the member who posted.

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Deal Analysis Day #3
Just before the end of the day😅

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Not a deal
Placed rent a little higher than comps in comments below because of noticeably larger square footage, and the basement has a kitchen as well. It also has 1 more bathroom than 1 of the 2 comps.

Put purchase price at 280k instead of listed 265k given that homes are selling above list price.
$143 monthly cash flow ($353 if self managed)
2.65% CoC return (6.53% if self managed)

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

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I know it’s pending, I’m just practicing running numbers so I will better understand my market when I buy my next property next year
Purchase price $220,000 (everything is selling above list price)
Downpayment 20%
Cash needed 52k
Turnkey, no rehab or refinance
Buy and hold
22% set aside for capex, maintenance, and vacancy
10% set aside for property management
Comps will be in comments below
CoC 7.64% (11.33% if self managed)
Cash flow $330 ($490 if self managed)

I personally would purchase this if I my cash wasn’t tied up in a property I currently have under contract.

calculators, based on information input by the member who posted.