Updated about 11 years ago on . Most recent reply
House Analysis
- Hey guys, I'd appreciate any feedback/thoughts on this house, thx!
- Purchase Price: 345,000 (342,500 +2500 repairs)
- Downpayment: 20%
- Rent: 2300 monthly (Conservative Market w/o utils)
- Financing: 30yr @ approx 3%
- Property Tax: 2280
- Insurance: 1010
- Yearly Maintentance: 1000
- Closing Costs: 3300
- Mortgage Payment: 1146
- Return w/ outsourced PM and 7% vacancy:
- Cash ROI: ~8% annually
- Mortgage paydown+ cash ROI: ~15.8%
- House is in good shape, in mature neighbourhood, house build in the 50's.
- Thoughts?? thx!