PB Cash Flow Positive

[Raybyrnes]

At 182 these would cash flow. My bet is tht the place sells for 250K+. Just a guess.

[Raybyrnes]

Anoter Cash Flow postve Property IF it actally sells at this price.

Oliver Ave, San Diego CA

$254,000 Notice of default
2 br 1 ba 806 sqft $315/sqft
Single-Family Home
Pacific Beach

[Raybyrnes]

Anoter Cash Flow postve Property IF it actally sells at this price.

Oliver Ave, San Diego CA

$254,000 Notice of default
2 br 1 ba 806 sqft $315/sqft
Single-Family Home
Pacific Beach

[Raybyrnes]

Anoter Cash Flow postve Property IF it actally sells at this price.

Oliver Ave, San Diego CA

$254,000 Notice of default
2 br 1 ba 806 sqft $315/sqft
Single-Family Home
Pacific Beach

[Raybyrnes]

Anoter Cash Flow postve Property IF it actally sells at this price.

Oliver Ave, San Diego CA

$254,000 Notice of default
2 br 1 ba 806 sqft $315/sqft
Single-Family Home
Pacific Beach

[Raybyrnes]

Anoter Cash Flow postve Property IF it actally sells at this price.

Oliver Ave, San Diego CA

$254,000 Notice of default
2 br 1 ba 806 sqft $315/sqft
Single-Family Home
Pacific Beach

[jpinpb]

If it’s the one I’m thinking of, it was previously owned by a realtor, got the NOD, was scheduled for foreclosure. I think they split the lot?

[jpinpb]

If it’s the one I’m thinking of, it was previously owned by a realtor, got the NOD, was scheduled for foreclosure. I think they split the lot?

[jpinpb]

If it’s the one I’m thinking of, it was previously owned by a realtor, got the NOD, was scheduled for foreclosure. I think they split the lot?

[jpinpb]

If it’s the one I’m thinking of, it was previously owned by a realtor, got the NOD, was scheduled for foreclosure. I think they split the lot?

[jpinpb]

If it’s the one I’m thinking of, it was previously owned by a realtor, got the NOD, was scheduled for foreclosure. I think they split the lot?

[Anonymous]

No Cash Flow Indeed.
-2.7% Cash on Cash with 70%LTV, 6% Money, 30% expense ratio, rents at 1500/month. =(1700)/year in the red. Unleveraged return = CAP Rate = 6.3%. Disregard some of the timing things in here, I have been using this for intitial underwriting of all cash purchase and rehab deals. Cool that excel pastes in OK.

Want cash flowing san diego deals? Contact me. [email protected] (hope that is OK on this site?)

Cost Up Front
Purchase Price and Closing Costs 190,000
Rehab Cost 0
Total Cost 190,000
Rehab Time 0 mos

Operating Income and Expense
Rents
Unit 1 1,500
Unit 2 –
Unit 3 –
Unit 4 –
Unit 5 (bootleg) –
1,500
Vacancy 5%
Gross Operating Income 17,100
Expenses 30% Gross 5,130
NOI 11,970
Year 2 CAP Rate or return w/o financing 6.3%

Financing Month 6
Permanent Financing 70% LTV 6.00% 10yr fixed, 30 yr am
Appraised Value 190,000
Mortgage Expense 13,670
NOI 11,970
Cash Flow Year 2 (1,700)

Leveraged Returns
Financing Cost 3% 5,700
Cash Out 70% LTV 133,000
Cash Still In Deal 62,700
Cash Flow Year 2 (1,700)
Cash on Cash Year 2 -2.7%

[Anonymous]

No Cash Flow Indeed.
-2.7% Cash on Cash with 70%LTV, 6% Money, 30% expense ratio, rents at 1500/month. =(1700)/year in the red. Unleveraged return = CAP Rate = 6.3%. Disregard some of the timing things in here, I have been using this for intitial underwriting of all cash purchase and rehab deals. Cool that excel pastes in OK.

Want cash flowing san diego deals? Contact me. [email protected] (hope that is OK on this site?)

Cost Up Front
Purchase Price and Closing Costs 190,000
Rehab Cost 0
Total Cost 190,000
Rehab Time 0 mos

Operating Income and Expense
Rents
Unit 1 1,500
Unit 2 –
Unit 3 –
Unit 4 –
Unit 5 (bootleg) –
1,500
Vacancy 5%
Gross Operating Income 17,100
Expenses 30% Gross 5,130
NOI 11,970
Year 2 CAP Rate or return w/o financing 6.3%

Financing Month 6
Permanent Financing 70% LTV 6.00% 10yr fixed, 30 yr am
Appraised Value 190,000
Mortgage Expense 13,670
NOI 11,970
Cash Flow Year 2 (1,700)

Leveraged Returns
Financing Cost 3% 5,700
Cash Out 70% LTV 133,000
Cash Still In Deal 62,700
Cash Flow Year 2 (1,700)
Cash on Cash Year 2 -2.7%

[Anonymous]

No Cash Flow Indeed.
-2.7% Cash on Cash with 70%LTV, 6% Money, 30% expense ratio, rents at 1500/month. =(1700)/year in the red. Unleveraged return = CAP Rate = 6.3%. Disregard some of the timing things in here, I have been using this for intitial underwriting of all cash purchase and rehab deals. Cool that excel pastes in OK.

Want cash flowing san diego deals? Contact me. [email protected] (hope that is OK on this site?)

Cost Up Front
Purchase Price and Closing Costs 190,000
Rehab Cost 0
Total Cost 190,000
Rehab Time 0 mos

Operating Income and Expense
Rents
Unit 1 1,500
Unit 2 –
Unit 3 –
Unit 4 –
Unit 5 (bootleg) –
1,500
Vacancy 5%
Gross Operating Income 17,100
Expenses 30% Gross 5,130
NOI 11,970
Year 2 CAP Rate or return w/o financing 6.3%

Financing Month 6
Permanent Financing 70% LTV 6.00% 10yr fixed, 30 yr am
Appraised Value 190,000
Mortgage Expense 13,670
NOI 11,970
Cash Flow Year 2 (1,700)

Leveraged Returns
Financing Cost 3% 5,700
Cash Out 70% LTV 133,000
Cash Still In Deal 62,700
Cash Flow Year 2 (1,700)
Cash on Cash Year 2 -2.7%

[Anonymous]

No Cash Flow Indeed.
-2.7% Cash on Cash with 70%LTV, 6% Money, 30% expense ratio, rents at 1500/month. =(1700)/year in the red. Unleveraged return = CAP Rate = 6.3%. Disregard some of the timing things in here, I have been using this for intitial underwriting of all cash purchase and rehab deals. Cool that excel pastes in OK.

Want cash flowing san diego deals? Contact me. [email protected] (hope that is OK on this site?)

Cost Up Front
Purchase Price and Closing Costs 190,000
Rehab Cost 0
Total Cost 190,000
Rehab Time 0 mos

Operating Income and Expense
Rents
Unit 1 1,500
Unit 2 –
Unit 3 –
Unit 4 –
Unit 5 (bootleg) –
1,500
Vacancy 5%
Gross Operating Income 17,100
Expenses 30% Gross 5,130
NOI 11,970
Year 2 CAP Rate or return w/o financing 6.3%

Financing Month 6
Permanent Financing 70% LTV 6.00% 10yr fixed, 30 yr am
Appraised Value 190,000
Mortgage Expense 13,670
NOI 11,970
Cash Flow Year 2 (1,700)

Leveraged Returns
Financing Cost 3% 5,700
Cash Out 70% LTV 133,000
Cash Still In Deal 62,700
Cash Flow Year 2 (1,700)
Cash on Cash Year 2 -2.7%

[Author]

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