Updated about 10 years ago on . Most recent reply
analysis of existing property
Hello every one, I'm trying to analyze an existing property that I've owned for the last five years. This is my one and only property and I need to make sure I'm not fooling myself about how much cash flow there is and what my ROI is. this is what I did please tell me if I'm on the right track
2010 purchase price. 210000
#Lost my job 2 months after purchase had a modification done. Current balance 203000
Mort. 1080
Taxes& insurance. 700
Interest rate. 4.3 Improvements over the last 5 years 30000
Rents. 2475
ARV. Comps done 9/15. 350000
The 1% rule says im doing ok but once you add vacancy, cap ex, maintenance and repair it's a different story. I used the rental property calculator but I can't figure out how to add it to this post
Most Popular Reply
@Ramon Moreno - You would input the actual expenses from your tax returns (I would do the average of the past 2-3 years) into the BP calculator.
The compare it to properties currently on the market. Depending on where in Chicago it is, it can be very hard to find the 1% rule nowadays.
- Brie Schmidt
- Podcast Guest on Show #132



