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Updated over 2 years ago on . Most recent reply

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59
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18
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Rob Nappi
  • Investor
  • Santa Rosa, CA
18
Votes |
59
Posts

Cash flow (looking good!)

Rob Nappi
  • Investor
  • Santa Rosa, CA
Posted

Are these numbers good for cash flow? 

$90k property purchase price 

5k closing 

25% down 30 fixed rate @6% 

CASH FLOWING: $2,194 after everything.

Gross rental income $4200 a month 

Monthly expense breakdown

Total expenses$2,005

Mortgage$405

Taxes$122

Insurance$100

Variable expenses$714

Fixed expenses $665

electricity$120

gas $50

water & sewer$175

garbage$50

business tax/legal $150

yard care $120

Variable expenses$714

Vacancy$0

Maintenance$189

CapEx $105

Management fees$420

Looking for feedback, direct message me to discuss further. 

Most Popular Reply

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28,237
Posts
41,417
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,417
Votes |
28,237
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Rob Nappi:

I'm not a math wiz, but I added up your expenses and they came to $4,002.00 which would only leave $190 cash flow.

You have "variable expenses" twice. What are those?

As the others stated, I'm extremely skeptical of a $90,000 property that brings in $4,000 a month.

  • Nathan Gesner
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