Updated about 9 years ago on . Most recent reply
Rental income calculate help
So I basically just whipped some numbers in after going to look at a house this pass Sunday. Let me know if from a beginning stand point if it makes sense for a half way decent deal. Sorry if it's a crap shoot, I'm still trying to figure the in's and out's here. Thank you!
| Monthly Income: $1,150.00 | Monthly Expenses: $750.72 | Monthly Cashflow: $399.28 | Pro Forma Cap Rate: 7.32% |
| NOI: $9,156.00 | Total Cash Needed: $30,000.00 | Cash on Cash ROI: 15.97% | Purchase Cap Rate: 9.16% |
Total Monthly Income:$1,150.00
x50% for Expenses:$575.00Monthly
Payment/Interest Payment:$363.72
Total Monthly Cashflow using 50% Rule:$211.28