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Updated about 4 years ago,

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10
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3
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First Rental Property

Ebenezer Carpio
Posted

Looking into buying my first rental property. Does these numbers make sense?

Purchase Price $90K

Down payment 20%

Mortgage payments $702/mo.

HOA: 50/mo

Rent income: $1,500-$1,650.

Cash flow $798-$948

I might have to put 10K-15K in repairs (flooring, paint and some appliances). The ARV is $135,000 but I don't plan on selling this.

Thanks in advance!

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