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Updated over 7 years ago,

User Stats

15
Posts
4
Votes
Chester Tan
  • Roseville, CA
4
Votes |
15
Posts

Rental calculator please elaborate my numbers

Chester Tan
  • Roseville, CA
Posted

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:$36.90Repairs:$73.80
Management:$123.00P&I:$479.92
Property Taxes:$375.00

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