Price 1% rule =desired rent
160,0000.011600
Des Moines, IA 50311
price 160,000
closing co 2500
monhrent 2,400.004 plex
repairs2000cosmetic
total cost162,000
Loans
price 160,000Down % |
downpay4000025.00%conventional       in a perfect world or a lot of years later in life
total loan120,000
Money Needed =44,500
MONTHLY ESPENSES
PAYMENT$533
tax $232M insureH insure
insurance $56056
vacancy1205%
repairs1687%
management26411%
CapEx30012.50%
utilities 28812.00%
TOTAL$1,961
EVALUATION
MONTHLY INCOME =439.00
YEARLY CASH FLOW=5268
CASH ON CASH =11%  8%+ = good15%+ = amazing
price for good cash on cash =already good
for amazing cash on cash=150000