So much house for the money - Under tax appraised value. Come see for yourself. Although this is a great investment property and has great returns i am negotiable. Cash offers only. Call me and make an offer. Purchase Price: $16,000.00 Purchase Closing Costs: $550.00 Estimated Repairs: $15,000.00 Total Project Cost: $31,550.00 After Repair Value: $48,000.00 THATS A PROFIT OF ******$16,450.00******* Down Payment: $16,000.00 Total Cash Needed By Borrower: $31,550.00 Monthly Income: $800.00 Monthly Expenses: $292.50 Monthly Cashflow: $507.50 Pro Forma Cap Rate: 18.45% NOI: $6,090.00 Total Cash Needed: $31,550.00 Cash on Cash ROI: 19.30% Purchase Cap Rate: 38.06 Total operating expenses: $292.50 Vacancy: $80.00 Repairs: $80.00 Management: $80.00 Property Taxes: $52.50 Financial Info Income-Expense Ratio (2% Rule): 2.54% Total Initial Equity: $48,000.00 Typical Cap Rate: 20.00% Gross Rent Multiplier: 1.67 ARV based on Cap Rate: $48000.00 Total Annual Income $9,600.00 Total Annual Cashflow $6,090.00 Cash on Cash ROI 19.30% Property Value $48,000.00 Annualized Total Return 1 yr 23.90% 2yr 21.60% 3yr 20.83% 4yr 20.45% 10yr 19.76% 20yr 19.53% 30yr 19.46%
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