Rental Analysis
+ Purchase Price:
$350,000
+ Purchase Closing Cost:
$10,500
+ Rehab Cost:
$1,500
Total Acquisition Cost:
$362,000
+ Annual Potential Rent:
$24,000
- Vacancy (50%):
$12,000
Annual Gross Income:
$12,000
Annual Gross ROI:
3.31%
+ Property Taxes:
$2,500
+ Insurance (6 Months):
$5,000
+ HOA Fees:
$1
+ Miscellaneous Expenses:
$1
Total Annual Expenses:
$7,502
Monthly Rent:
$2,000
Monthly Net Cash Flow:
$375
Net Operating Income:
$4,498
CAP Rate:
1.24%
Flip Analysis
+ Purchase Price:
$350,000
+ Purchase Closing Cost:
$10,500
+ Rehab Cost:
$10,000
Total Acquisition Cost:
$370,500
+ Selling closing cost:
$12,750
+ Agent Commision :
$12,750
+ Insurance (6 Months) :
$500
+ Utilities (6 Months):
$1,000
+ Miscellaneous Expenses:
$500
Total Holding Cost:
$27,500
Total Flip Cost:
$398,000
Projected ARV:
$425,000
Net Income (Profit):
$27,000
CAP Rate:
6.78%