Price 1% rule =desired rent
175,0000.011750
Des Moines, IA 50314
price 175,000
closing co 2500
monhrent 1,475.00fully rented after required 1 year stay for FHA
repairs2000cosmetic
total cost181,157
Loans
price 175,000Down % |
downpay87505%FHA
total loan166,250
Money Needed =14,907
MONTHLY ESPENSES
PAYMENT$735
tax $254M insureH insure
insurance $16610561
vacancy73.755%
repairs103.257%
management00%
CapEx147.510.00%
utilities 17712.00%
TOTAL$1,657must pay$1,332reserves $325
EVALUATION
MONTHLY INCOME =-181.50
YEARLY CASH FLOW=-2178
CASH ON CASH =-14.61107571%8%+ = good15%+ = amazing
price for good cash on cash =130,000if downpayment remains the same. 160,000 if 20% down
for amazing cash on cash=119,000if downpayment remains the same. 157,000 if 20% down
if repairs exceed. not too sure.