2nd out of state investment

[Kunal Lakhwani]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $175,150
Cash invested: $40,000

Numbers-
Purchase price: $175,150
Initial investment (inspection, down pymnt, closing costs, repairs etc.): $40,000
Loan amount (80% LTV): $140,120
Interest rate: 4.875%
Monthly payment (principal, interest, taxes, insurance): $1013
Monthly rent (gross income): $1795
Property management: 7% ($125)
Vacancy: 5% ($90)
Maintenance: 5% ($90)
CapEx: 5% ($90)
Monthly cashflow (net income after all expenses and reserves): $387
Annual income (net): $4640
Principal paydown: $2100