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Updated almost 6 years ago,
Rental Spreadsheet Assumptions
I was hoping I could get some help on some assumptions I am building into my rental property spreadsheet.
For financing I have the following:
Financing Fees - Trying to figure out what is a good assumption for this. X% of the total loan amount?
Estimated Closing Cost & Fees - 3% of loan amount + 1% of Total Price of purchase?
Inspection/Appraisal Fees - This I understand can vary based on the property type/etc...Does anyone use a % of price paid for this?
Seller $ Toward Closing - This can be negotiated but does anyone use a set % of price paid?
Mortgage Insurance - Rough % estimates?
Thanks for the help! I'll probably post my spreadsheet with your suggestions and see if anyone has any comments.