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Updated over 7 years ago on . Most recent reply
Rental calculator please elaborate my numbers
Are these numbers good? It's my first rental property. Thoughts? Purchased for 102k, 15k in renovation, 10k down. 92k loan. 4.75 interest rate. Mortgage is about 700ish~
| Monthly Income: $1,230.00 | Monthly Expenses: $1,088.62 |
| Monthly Cashflow: $141.38 | Pro Forma Cap Rate: 5.33% |
| NOI: $7,455.60 | Total Cash Needed: $25,000.00 |
| Cash on Cash ROI: 6.79% | Purchase Cap Rate: 7.31% |
| Total operating expenses: | Mortgage expenses: | ||
| Vacancy: | $36.90 | Repairs: | $73.80 |
| Management: | $123.00 | P&I: | $479.92 |
| Property Taxes: | $375.00 |