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. skeet@livinghabitat.net (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%
Make sure the HOA is good shape. People not bailing, no too many renters and the maintenance and reserves are in good shape to handle any unforeseen problems. HOA’s can get sour very easily in bad times.
Make sure the HOA is good shape. People not bailing, no too many renters and the maintenance and reserves are in good shape to handle any unforeseen problems. HOA’s can get sour very easily in bad times.
Make sure the HOA is good shape. People not bailing, no too many renters and the maintenance and reserves are in good shape to handle any unforeseen problems. HOA’s can get sour very easily in bad times.
Make sure the HOA is good shape. People not bailing, no too many renters and the maintenance and reserves are in good shape to handle any unforeseen problems. HOA’s can get sour very easily in bad times.
Make sure the HOA is good shape. People not bailing, no too many renters and the maintenance and reserves are in good shape to handle any unforeseen problems. HOA’s can get sour very easily in bad times.
4867 Bella Pacific Row UNIT 146, San Diego, CA (Pacific Beach)
Recently Sold: $240,000 Zestimate: $330,500
2 Beds2.0 Baths1,094 sqft
Built: 1987Lot Size: — Sold On: 06/25/2009
Save E-mail alerts Similar sales
4867 Bella Pacific Row UNIT 146, San Diego, CA (Pacific Beach)
Recently Sold: $240,000 Zestimate: $330,500
2 Beds2.0 Baths1,094 sqft
Built: 1987Lot Size: — Sold On: 06/25/2009
Save E-mail alerts Similar sales
4867 Bella Pacific Row UNIT 146, San Diego, CA (Pacific Beach)
Recently Sold: $240,000 Zestimate: $330,500
2 Beds2.0 Baths1,094 sqft
Built: 1987Lot Size: — Sold On: 06/25/2009
Save E-mail alerts Similar sales
4867 Bella Pacific Row UNIT 146, San Diego, CA (Pacific Beach)
Recently Sold: $240,000 Zestimate: $330,500
2 Beds2.0 Baths1,094 sqft
Built: 1987Lot Size: — Sold On: 06/25/2009
Save E-mail alerts Similar sales
