All Forum Posts by: Jonathon Larson

Thanks everyone for you encouragement. I did go see the property in person and unfortunately the house is located in the hood. It also needs some attention, more then I would be able to put into it. So I decided to pass on it. But I did make a good connection with the realtor, so that was totally worth it! Thanks again and keep pressing on!!!! 

Hello, I am looking at acquiring our first rental property! I would like a little help to make sure I am analyzing it correctly. 

Its a triplex, renting for $700, $525, and $450. Seller is asking $102,000. Located in northern Indiana. 

Monthly:

income: $1675, Mortgage : 390 (after 20% down), Property tax: 142, Insurance $100, management: $168 (10%), Maintenance/etc: $ 167. Tenants pay all utilities. Am I missing anything else? 

That leaves a cash flow of $708/mo.

I have not laid eyes on the inside yet, it may need some upgrades. 

Any help/ advice you can offer would be greatly appreciated! Thank you so much!!!