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Updated over 8 years ago on . Most recent reply
Need help with numbers on my 1st Buy&Hold in Parma
Hello Team - I need to borrow your creative and experienced minds in helping me out with analyzing the following numbers/details regarding my new step into the investing world
Property: Parma, OH
Purchase price: $102,000
Property Type: Duplex
Rental Income: $1550
Expenses: $789.17
| Vacancy: | $77.50 | Repairs: | $77.50 |
| CapEx: | $77.50 | Electricity: | $30.00 |
| Water & Sewer: | $30.00 | Garbage: | $30.00 |
| Insurance: | $80.00 | Management: | $155.00 |
| Property Taxes: | $231.67 |
Mortgage debt: $425.62
Cash flow: $349
CoC Return: 19%
There have been number of upgrades done to the home incl. bathrooms, kitchen, water tanks etc.
What do you guys think?
Happy Thanksgiving all