Running the numbers on a single family

[Josh Kundrat]

Single family house The financing is hypothetical but the expenses should be pretty close to actual Purchase price $68,000 Down payment 20% = $13,600 Amount financed $54,400 Interest rate 5.5% Loan term 20 years Monthly debt service = $375 Monthly taxes $142 Monthly Management $120 Monthly repairs $35 Monthly cap ex $55 Monthly vacancy $72 Monthly insurance $84 Total expenses = $883 Fair market rent $1150 -1200 $1150-$883 = $267 $267 x 12 = $3,204/ $13,600 = 23.5 % cash on cash return This deal meets my requirements, but thought I'd share and see what you guys think, plus deal analysis posts are always my favorite to read.