Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

52
Posts
3
Votes
Danny Woodson
  • Detroit, MI
3
Votes |
52
Posts

is my math right?

Danny Woodson
  • Detroit, MI
Posted

140k arv.  i can pay all cash, no lending costs.. condo fees 275/mo prop taxes are 333/mo. transfer tax 1.5%. i estimated insurance as 200/mo utilities 100/mo

140k- 4 months of holding costs $5,932- first set closing costs 1650 (if i buy at 110k)- 15k repairs - 2100 (second closing cost at 140k) - 20k profit =

$95,318 M/O

is that accurate or did i screw something up

Loading replies...