All Forum Posts by: Caleb Koresh

I haven't purchased pro yet so I can't use the calculator again but I used the rental income calculator.

Purchase Price $44,000

30 Year conventional 3.75% interest 20% down is approximately $10,000 down with closing costs

Insurance is 16$ per month

Tax is 120$

Mortgage is 163$ per month

25th percentile (to be cautious)  for rent of similar houses in the area is 1050 

I set the capital expenditures for $150 per month since it is an old house

I dont remember all the numbers exactly but the calculator left me with almost 400 in cash flow per month which is over 35% cash on cash return for the year. 

I felt that it probably needed work and that is why it is so cheap but the returns are so high that im wondering if that could make it a bad deal or not im not sure how much work it would need.

I found this property https://www.realtor.com/realestateandhomes-detail/1120-Ferry-St_Easton_PA_18042_M34114-21575 but when I ran the numbers it seems too good to be true so I was wondering if anyone with more experience could let me know what they think about the property.