Would You Buy it?

[Jen Teske]

Great area - here are my numbers:

Monthly	Annual
Purchase Price	168,500		Monthly Rent	2200
Cash to Close (20% + $4k close costs)	33,700		Annual Rent	26400
Property Tax	$375	$4,500
Insurance	100	1200
Mortgage	835	10020
Vacancy (5%)	110	1320
Repairs (5%)	110	1320
Total Expenses	$1,530	$18,360
Net Income	$670	$8,040
Net Income without Mortgage	$1,505	$18,060
Cap Rate	5%
Cash on Cash	24%