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Nick Pacheco
  • Rental Property Investor
  • Elk Grove, CA
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18
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I calculated this to be cash 10.30% ROI -- Realistic? Arizona.

Nick Pacheco
  • Rental Property Investor
  • Elk Grove, CA
Posted Feb 20 2019, 18:54

I'm new to RE investing--I have just analyzed my first property:

I assumed this property was sold for $140,000, 20% down 4.3% interest, rented out for 1,300/mo, 9% property management, 5% cap exp., vacancy rate 7%, insurance $44/mo, property tax 4$/mo, P&I $560 (from realtor.com)

Cash flow per month is $240 or $2,880 annually.

Would you agree?  Am I missing any significant variables?  Any further comments are appreciated!

10920 N 83rd Ave, Peoria, Az 85345

https://www.realtor.com/realestateandhomes-detail/...

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