Price 1% rule =desired rent
170,0000.011700
Des Moines, IA 50316
price 170,000MIP 1.75%total closing
closing co 250029755475
monhrent 2,000.00fully rented
repairs1000cosmetic
total cost178,475
Loans
price 170,000Down % |
downpay59503.50%FHA
total loan164,050
Money Needed =16,313
MONTHLY ESPENSES
PAYMENT$718
tax $246M insureH insure
insurance $19413460
vacancy1005%
repairs1407%
management00%
CapEx25012.50%
utilities 24012.00%
TOTAL$1,888
EVALUATION
MONTHLY INCOME =112.00
YEARLY CASH FLOW=1344
CASH ON CASH =8.238827929%8%+ = good15%+ = amazing
price for good cash on cash =already good
for amazing cash on cash=put down 20%
if repairs exceed $2000 cash on cash less than good