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Updated over 8 years ago on . Most recent reply

Ankit Patel's profile image
Ankit Patel's profile image
Ankit Patel
  • from Downers Grove, Illinois
  • Member since Mar 6, 2015
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Ankit Patel's profile image
Ankit Patel's profile image
Ankit Patel
  • from Downers Grove, Illinois
  • Member since Mar 6, 2015
Connect
Ankit Patel
  • Downers Grove, IL
0
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2
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General Landlording & Rental Properties

Renting on Condo

Ankit Patel
  • Downers Grove, IL
Posted

Hi,

I am planning to buy first investment property as Condo. I like to know how we can calculate return on investment for a condo. Can we implement 2% logic on a condo or not?

Investment 60,000

Monthly rent 1050.

HOA: 300

Monthly Tax: 100

Monthly Insurance: 20

P&I:245

Maintenance(10): 105

Still 280 Left

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