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Updated over 4 years ago on . Most recent reply

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38
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Brad Campbell
  • New to Real Estate
  • Shepherdsville, KY
10
Votes |
38
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Monthly expense estimate

Brad Campbell
  • New to Real Estate
  • Shepherdsville, KY
Posted

Can someone give me a way to roughly estimate the monthly expenses of a Single family home, with tenants paying the utilities, and not having a property manager (for the moment).

Most Popular Reply

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1,469
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Jon Q.
  • Investor
  • Berkeley, CA
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1,469
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Jon Q.
  • Investor
  • Berkeley, CA
Replied
Originally posted by @Brad Campbell:

@Jon S. Thank you. I should have been more specific. I have the taxes/insurance figured out, just didn't really know what everyone else was budgeting for other stuff. I saw the "50%" rule but wanted it broken down.

Budget for rehab/capex when you buy.  If you’re buying cosmetic fixers, usually flooring + paint.

Then you need to only budget:

gross rents

-vacancy rate (7%)

-maintenance expense
-Property taxes

-insurance

-property management

-HOA (if applicable)

-mortgage

= cash flow 

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