Well I Finally bought my first one!!

[Randy Coker]

After 8 years of having Analysis Paralysis, I just pulled the trigger and jumped in.  So fellow investors how do you think I did?  It is not a home run by any means but a very safe bunt.  AC and Heater are new with a 10 year warranty. Flooring maybe can stay but not sure.  Fresh Paint was done 6 months ago. 3/2/2 1600 sq feet.  I used a first time buyers loan.  I lived in my current house for 23 years.

Purchase Price $150,000

Down Payment 5% =$7,500

Loan Amount $142,500 @ 3.5%

Mortgage $639

Taxes $280

Insurance $75

HOA $30

Total Monthly $1024 expenses

Rent $1450

I am taking 5% on vacancy, cap ex and repairs $-217.50

Estimate positive Monthly Cash Flow $208.05

Only that I did not figure in is PMI....

Love to hear your thoughts.