Updated over 9 years ago on . Most recent reply
Houston landlords
I have a property I might buy. I thought the numbers sounded good, but when I put in the expenses and rent into the rental property calculator, it shows a negative cash flow.
Here are the numbers.
Purchase- 55k
Interest rate- 6%
Rent- 1 to 1100k
Taxes- 1600/yr
HOA- 40/month
Insurance- 400/yr
I accounted for a 10% cap rate, PM, and repairs. Vacancy is 8%.
If y'all don't mind sharing, what are some of y'all numbers? Does this look typical? I want to see if I should pass or buy.