All Forum Posts by: Tom Saysithideth
Tom Saysithideth has started 9 posts and replied 21 times.
Post: How do my numbers look for this property in Baltimore, MD
Tom SaysithidethPosted
- Posts 22
- Votes 5
Hello BiggerPocketeers,
Looking into a potential property for rental income cash flow. Here are some numbers I put together:
Property Cost: 300,000
Mortgage: 1250/month
Rental Income: Unit1: 850/month Unit2: 900/month Unit3: vacant
Property Tax: 5800/yr
Property Insurance: 60/month
Vacancy: 63/month
Repairs: 100/month
Cap Ex: 100/month
Down Payment: 10,500
Closing Costs: 10,000
Concerns arise about house hacking to get an FHA loan, and staying for a year not making any positive cash flow. This is a 3 unit multi-family, and estimating the 3rd unit will rent for 800/month once I move out of the FHA loan. Interested in hearing the forum's feedback on the numbers and property.
Thank you,
Tom