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Updated about 2 years ago,

User Stats

8
Posts
11
Votes
Jonathan Kennon
11
Votes |
8
Posts

First Property Advice

Jonathan Kennon
Posted

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. 

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