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Updated over 5 years ago, 03/30/2019

User Stats

24
Posts
3
Votes
Guy Primo
3
Votes |
24
Posts

What is a good amount of cash flow for rental income.

Guy Primo
Posted

I am looking to purchase a condo. Here are the numbers I came up with for this property. What do you think of these numbers? Looking to purchase my first income property already have single family. Is this a decent cash flow with these numbers? Location Rhode Island.

Condo Price $157,000

First Year Income and Expense

MonthlyAnnual
Income:$1,300.00$15,600.00
Mortgage Pay:$568.97$6,827.59
Vacancy (5%):$65.00$780.00
Property Tax:$188.00$2,256.00
Total Insurance:$66.67$800.00
HOA Fee:$20.83$250.00
Cash Flow:$390.53$4,686.41
Net Operating Income (NOI):$959.50$11,514.00

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