Updated about 5 years ago on . Most recent reply
Total Cash Needed - Rental Property
This is probably a very very dumb oversight on my part, but I ran a report on a house near me and it is showing $46,050 as total cash needed. Why is that? I thought it would just be Down Payment ($10,000), Closing Costs ($1,050), and pre-rental repair costs ($5,000) to make that up which would be $16,050.
Please tell me what I am missing so I can get a grasp on calculating CoC return on my own.
Thank you!