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Calculate ROI for 2469 E 7th Street, Los Angeles, CA 90023 (Purchase price: $2,050,000): ...

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Finance

  1. Calculate ROI for 2469 E 7th Street, Los Angeles, CA 90023 (Purchase price: $2,050,000):
  1. It is a fourplex with 2 units of 4 bedrooms & 2.5 Baths, 2 units of 4 bedrooms & 3 Full Baths.
  2. Assume Rental Income of $3200 for 4 bedrooms and 2.5 baths, $3300 for 4 bedrooms and 3 baths.
  3. Assume 25% down payment, $10,000 loan cost, 30-year fixed mortgage with 3.15% interest rat
  4. Assume vacancy rate of 3%, maintenance and repair cost of 1%, property insurance of $2400, property tax rate of 1.25%, management fee of 6% on collected rent, and utilities of $300 per year.
  5. Calculate the ROI after the first year of ownership (Assume you acquired the property on January 1st, 2021 and the calculation is done on December 31st, 2021).
  6. Show your work or do the work on excel, then copy and paste the work to word.
  7. Calculate Cash on Cash, CAP Rate and GRM.

Return on Investment:

Cash on Cash:

CAP Rate:

GRM:

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