I just got  duplex in palm beach county under contract for 130,000and the value is $160,000. it is a 3/2 rental income $1,200 and the 2/1 rental income is $500 as per the realtor for a total monthly rental income of $1,700. The property construction is CBS wth living 2,200 sqft. I want  short tern loan from a private lender and utilize the property as collateral

 Below is a break down of the potential deal numbers

Projected total income : $1,700

Minus all of the expenses below

Expenses

Mortgage loan payment (to be determine by the private lender)

Insurance: $175.91

Property Taxes:$175.08

Reserve for repairs/Misc $101 ( i am been very aggressive on this number)

Property Management fees:$100

_____________________________

Total expense monthly $551.999