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Updated about 9 years ago on . Most recent reply

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Jack Hatton
  • Center Moriches, NY
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Am I estimating to much for expenses

Jack Hatton
  • Center Moriches, NY
Posted
Hello, I've found a property in a B- neighborhood for 55,000$ 1 bedroom 1 Bath. Rent in the area goes for 1100-1250$ a month. So I target 1150$ for rent. So now assuming I get it this is how I've broken down the rent 200$ Mortgage 400$ Tax 230$ Capx 115$ Vac 205$ Cashflow Now am I taking out to much for Capx and the money I set aside for Vacancy can I withdraw some of that money when I have a vacancy or just continue to save it. Is there anything I've missed?

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