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Updated about 2 years ago,
Cash flow (looking good!)
Are these numbers good for cash flow?
$90k property purchase price
5k closing
25% down 30 fixed rate @6%
CASH FLOWING: $2,194 after everything.
Gross rental income $4200 a month
Total expenses$2,005
Mortgage$405
Taxes$122
Insurance$100
Variable expenses$714
Fixed expenses $665
electricity$120
gas $50
water & sewer$175
garbage$50
business tax/legal $150
yard care $120
Variable expenses$714
Vacancy$0
Maintenance$189
CapEx $105
Management fees$420
Looking for feedback, direct message me to discuss further.