Updated over 10 years ago on . Most recent reply
is my math right?
140k arv. i can pay all cash, no lending costs.. condo fees 275/mo prop taxes are 333/mo. transfer tax 1.5%. i estimated insurance as 200/mo utilities 100/mo
140k- 4 months of holding costs $5,932- first set closing costs 1650 (if i buy at 110k)- 15k repairs - 2100 (second closing cost at 140k) - 20k profit =
$95,318 M/O
is that accurate or did i screw something up