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Updated almost 7 years ago on . Most recent reply

User Stats

15
Posts
4
Votes
Jared Hauf
  • Investor
  • Maryland
4
Votes |
15
Posts

Please help me analyze this deal!

Jared Hauf
  • Investor
  • Maryland
Posted
Good Morning All, Please help me analyze the following deal. Everything I see checks out in it but just wanted a double check by BP. This will be my first (intentional) rental, my other was my previous residence. 3bd, 2bath, 960sqft with detached garage $109k list on market 100+ days. Section 8 tenant placed with $15,948 cash flow. Location: Surrounding Baltimore, MD area Total Taxes: $1,728 Tax Year: 2016 Yr Assessed: 2017 Land: $42,000 Improvements: $60,900 Total Tax Assessment: $102,900 20% down: $21,800 Closing Costs ~ $6500 Total: $28,300 Monthly Numbers: Annual Numbers: Income:$1,328.00. $15,936.00 Mortgage Pay:$481.52. $5,778.26 Vacancy (5%):$66.40. $796.80 Management Fee:$118.19. $1,418.30 Property Tax:$144.00. $1,728.00 Total Insurance:$66.67. $800.00 Maintenance Cost:$83.33. $1,000.00 Cash Flow: $351.22. $4,214.64 Net Operating Income:$838.65. $10,063.81 Does this seem right and like a decent deal? Thank you all for your time!

Most Popular Reply

User Stats

15
Posts
4
Votes
Jared Hauf
  • Investor
  • Maryland
4
Votes |
15
Posts
Jared Hauf
  • Investor
  • Maryland
Replied
Wow, I organized all that and when I posted it it got all jumbled up. Now it just looks confusing.

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