Updated about 13 years ago on . Most recent reply
deal analysis
became an unintentional landlord 3 years ago on oct 1st. wanted to share with you the tracked expensed over past 3 years.
rent $900, $925, $950, $975 (tenant renewed 10/1/2012 for 4th year)
Per month average over 36 months:
$626 P/I/PMI
$199 HOA
$116 Repairs/capital improvements
$ 6 Vacancy
$ 114 Taxes/Insurance
$1062 Total Expenses + debt payment
currently -$86/month cash flow
(this is why you do not buy a condo &, for newbies, to have reserves for the unknown)