*This link comes directly from our calculators, based on information input by the member who posted.
Hi, I'm a newbie looking for some guidance. I've been using the rental calculator to analyze deals I've found on the MLS. I've found a few that are already tenant occupied and I only analyze them if I see that the 1% or greater principle applies. So in this case it rents for 700/mo and the listed asking price was 70k. Once I fill in all of the fields, it barely cashflows. Am I missing something or does this really just highlight that the real cashflow is found when you solve a problem with a property, i.e.- forcing equity or rehabbing altogether?
I checked the tax rates, insurance it seems to be reasonable. Do not expect the home in this price range and rent carry positive cash flow anywhere in the US. This may be as high as a 1890 year old 1 bath home go in this economic cycle.
Suggest a FHA lower down payment larger MF in a more active town with high paid jobs....