Monthly expenses for a Duplex in Cleveland

[Anh Nguyen]

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