Totally can't afford PM

[Vy Mai]

Rental income: $2000

PITI: $1512

Repairs & Capex reserves 10% = $200

Vacancy: 8%= $160

Net Monthly Cash flow = $128

Lessons learnt:

1. You can't depend on Rent zestimate from Zillow to determine your rental income. It lies.. At least it lied to me because I'm having a hard time renting it out at the price that my Zillow friend told me.

2. I thought my house will rent out within 2 weeks because it's a realllly short distance from the university. Nope. We are still looking for tenants.