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Updated almost 9 years ago,
Practicing running the numbers on a rental
Did I miss anything here? Obviously I need a better deal but just wanted to run some numbers on a rental in Colorado. Any advice is greatly appreciated here.
Purchase/Rents | |
House Cost | $290,000 |
Down Payment 20% | $58,000 |
Total Owed | $232,000 |
Rent Estimate | $1,900 |
Monthly Expenses | |
Mortgage (5% at 30 years) | $1,245 |
Management 11% | $209.00 |
Property Taxes | $167.00 |
Insurance | $115 |
Vacancy 5% | $95.00 |
Repairs 5% | $95.00 |
Cap X | $150 |
Total | $2,076.00 |
End Totals | |
Cash Flow Per Month | ($176.00) |
Cash Flow Per Year | ($2,112.00) |
Cash on Cash Return | -0.0364138 |