Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 12 years ago on . Most recent reply

User Stats

1,209
Posts
851
Votes
Ralph R.
  • Investor
  • Bethel, AK
851
Votes |
1,209
Posts

Buying another rental will these numbers work?

Ralph R.
  • Investor
  • Bethel, AK
Posted

I am going to buy another rental in late summer in Colorado. I want to give my agent some ideas about what I want. I have $35,000 to use for down pmt. If I am correct this should be enough to by a dueplex in the $100 to $125K range. At 4% interest the P.I. payment should be $350 to $430 dollars. I just bought a dueplex in the same area for $100K. Taxes and insurance are $1,600 a year. I use a P.M. and they get 10%. I am thinking total rent should range from $1000-$1200 a month.
Question is are my perameters in the ball park??

Thanks in advance for all your help. Bigger Pockets ROCKS!!
RR

Loading replies...