I calculated this to be cash 10.30% ROI -- Realistic? Arizona.
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