All Forum Posts by: Chester Tan
Chester Tan has started 6 posts and replied 14 times.
Post: Contractor and a few good source for a home renov? Jax, FL
- Roseville, CA
- Posts 15
- Votes 4
Renters are moving out in a few months and need to be proactive about some house renovation like floors, replace sliding door etc.. Jacksonville Florida. Anyone have good and trustworthy connections? Thank you.
Post: Our First Rentals! (pictures!)
- Roseville, CA
- Posts 15
- Votes 4
Great job. Looks great. Are those cabinets from ikea also?
Post: Rental calculator please elaborate my numbers
- Roseville, CA
- Posts 15
- Votes 4
Are these numbers good? It's my first rental property. Thoughts? Purchased for 102k, 15k in renovation, 10k down. 92k loan. 4.75 interest rate. Mortgage is about 700ish~
| Monthly Income: $1,230.00 | Monthly Expenses: $1,088.62 |
| Monthly Cashflow: $141.38 | Pro Forma Cap Rate: 5.33% |
| NOI: $7,455.60 | Total Cash Needed: $25,000.00 |
| Cash on Cash ROI: 6.79% | Purchase Cap Rate: 7.31% |
| Total operating expenses: | Mortgage expenses: | ||
| Vacancy: | $36.90 | Repairs: | $73.80 |
| Management: | $123.00 | P&I: | $479.92 |
| Property Taxes: | $375.00 |
Post: First Rental Property in Sacramento, CA
- Roseville, CA
- Posts 15
- Votes 4
Great post Jason, I am in Roseville area and have been looking out of state. I currently have a home with renters in Florida with positive cash flow. Very new to the site and just thought I would check in just in case someone or you are around for a cup of joe and knowledge. I've been looking into another place to either flip or rent out. I'll keep my eyes and ears open.