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Updated over 6 years ago,
Tools: Rental Property Calculator
Hello All,
What is your work around for your initial analysis of a property when all the expenses are not available?
For example purchase price of $324,900
Gross Income:$49200
Expenses: $8000
Net income:$41200
Cap rate: 10.4%
I input the expenses into the calculator in a way that divides the $8000 by 12, remove all other landlord expenses except management (10%) and received this result:
CF: $1640.44
Exp: 2459.56
CoC ROI: 19.99%
Monthly income : $4100
Does this seem right or am I missing a step. I could not input the expenses correctly and separately as I do not have the itemized expenses, only the gross expenses.
Thanks in advance,
KatlinH