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Updated about 2 years ago,
First Property Advice
Hello all,
So I live in Tampa, Fl and I’m looking at my first property. 2/2 Condo in Boynton Beach.
Here’s the numbers:
Purchase-106,000
Dwnpymt-20% 21,100
Financed-85,000
Mortgage-1090
Rent-1950
Maintenance-5%, Vacancy-7%, Prop Mgmnt-10%| Annual Exp-6500
Annual cash flow-11,431 (annual)
COC ROR-39%
Please provide feedback on these numbers of you can. Thanks to all who comment.