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Douglass Belt
  • Investor
  • Madison, WI
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97
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Milwaukee Duplex - Are my numbers accurate?

Douglass Belt
  • Investor
  • Madison, WI
Posted Apr 14 2015, 08:53

2/2 BR Duplex, $150,000 sell price

* Rents $800/month=$1600/month both units

Expenses:

Mortgage ($150K @5%-budgeting high) $853/month

Taxes-$333/month

Lawn/Snow $45/month

PM-$$160/month (10%)

Utilities-Tenant pays all

Insurance $100/month

Garbage $30/month

10% vacancy (1,920)

Total Expenses $1473/month

Income $1600

Net income  -$33.50/month. loses money from what I can see. Any thoughts on what I am missing?

Thanks!

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