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Updated over 9 years ago on .

User Stats

200
Posts
89
Votes
Sky Mikesell
  • Principal
  • Charlotte, NC
89
Votes |
200
Posts

Look out... $5k per year NET on this Single family rental

Sky Mikesell
  • Principal
  • Charlotte, NC
Posted

This property is hauling in the cash each month...    Dont miss this one it will go fast. 

                                *FYI: the pic is before rehab pic. Renovation is currently underway.       

                Purchase Price: $99k            ~    Will be rented for $1025.00 per month  

                                      THE NUMBERS... 

Purchase Price: $99k 

Principal & Interest payment: $398.59   (assuming 25% down, 5% interest, 30 year fixed) 
Property Tax: $90.76
Insurance: $40.00
Property Management: $78.00

Total Costs per month: $611.35

NET MONTHLY CASH FLOW: $413.65  /  PER YEAR $4,963.75

Offering