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Updated about 2 years ago on . Most recent reply
Monthly expenses for a Duplex in Cleveland
| Home Price | 130000 | Max home price | |
| Rent Income | $1,800 | Lowest rental income | |
| Principal | 20% down | $90.00 | |
| Interest | Amortization table | $580.00 | |
| PMI | N/A | $0.00 | |
| HOA | N/A | $0.00 | |
| Repairs | 1% | 1% of home price or 5% of rent (whichever higher) | $108.33 |
| Cap Ex | 5% | $90.00 | |
| Insurance | $1000/yr | $83.33 | |
| Property tax | 3% | $325.00 | |
| Vacancy | 8.3% | 1 month/yr | $149.40 |
| PM | 12.7% | 10% including 1st months rent for 1 new tenant every 3 years | $228.60 |
| Gas | $120.00 | ||
| Electric | $80.00 | ||
| Water | $80.00 | ||
| Sewer | $120.00 | ||
| Lawn Mowing | $500/yr | $41.67 | |
| Landscaping | $480/yr | $40.00 | |
| Shoveling | $350/yr | $29.17 | |
| Total Expenses | $2,165.50 | ||
| Cashflow | -$365.5 |
Most Popular Reply
Can you get tenants to pay utilities? Also, you're assuming more vacancy in the vacancy number (1 month a year) than you are in the property management number (turnover every three years).