Comments on: Update on Houston Apartment #1 http://www.livelearninvest.com/update-on-houston-apartment-1/ Living life to its fullest by generating passive income through investments Wed, 28 Jul 2010 02:48:08 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Kenric http://www.livelearninvest.com/update-on-houston-apartment-1/comment-page-1/#comment-56520 Kenric Fri, 21 Nov 2008 16:09:37 +0000 http://www.livelearninvest.com/blog/?p=1161#comment-56520 $3000 is the cashflow with current financing. Once it's refinanced it should double or maybe increase even more. DCR is about 1.12 currently and should be 1.23 after refinance. You have to remember that this was a negative cashflow apartment before the purchase. The goal is to get it cashflowing and sell it. $3000 is the cashflow with current financing. Once it’s refinanced it should double or maybe increase even more. DCR is about 1.12 currently and should be 1.23 after refinance.

You have to remember that this was a negative cashflow apartment before the purchase. The goal is to get it cashflowing and sell it.

]]> By: HungryBear http://www.livelearninvest.com/update-on-houston-apartment-1/comment-page-1/#comment-56460 HungryBear Thu, 20 Nov 2008 20:56:05 +0000 http://www.livelearninvest.com/blog/?p=1161#comment-56460 $3,000 is a very slim cashflow on a $4.8M deal. What is your DCR? (debt service coverage ratio)? In the current market, I don't think very much is selling at 6.5% cap rate. For a 40 year old apartment, I would guess 9-10% would be where its at right now. Hopefully you have the ability to hold through the downturn and don't have a balloon payment coming anytime soon. $3,000 is a very slim cashflow on a $4.8M deal. What is your DCR? (debt service coverage ratio)?

In the current market, I don’t think very much is selling at 6.5% cap rate. For a 40 year old apartment, I would guess 9-10% would be where its at right now. Hopefully you have the ability to hold through the downturn and don’t have a balloon payment coming anytime soon.

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