Monthly expense estimate

[Brad Campbell]

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).

[Jon Q.]

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