No Money Down Deal Analysis
Looking for input on renting out my primary residence that I purchased with a 0% USDA loan. I've been in the property for over a year. Purchase price $136,500 current value $155,000. Everything in the home is brand new with the exception of the HVAC which I have covered under the consumers energy protection plan.
Rent: $1,475
Vacancies 5%: $73.75
Maint 5%: $73.75
Capex 10%: $147.50
Property mgt 10%: $147.50 (plan to manage myself)
Insurance: $37.50
Taxes: $217
P&I: $636
Cashflow: without mgt: $289.50
With mgt: $142.50