Updated almost 10 years ago on . Most recent reply
Upstate NY Rental deal analysis
Good Morning BP!
I came across this deal in the Upstate NY area and came up with these numbers, am I calculating and including all the expenses? House is a duplex and is in excellent condition-
Estimated purchase cost - 75,000
Rent 1,6000/M
Monthly Property Tax - 225
Monthly Vacancy (10%) - 160
Monthly Cap Ex (8%) - 128
Monthly Repairs (5%) - 80
Monthly Management (10%) - 160
Monthly insurance - 80
Monthly Water - 54
Monthly Lawn / Snow - 92
Total Expenses - 979
Net Income - 622
Mortgage and Interest per Month - 282.14
Total Annual Cash Flow - 339.86
With Cash on Cash ROI - 21.32%
CAP rate - 9.95%
Am I missing anything?