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Updated almost 4 years ago,
analysis # 3 not super sure on rent . 1 bed 1 bath 2 units
| Price | 1% rule = | desired rent | ||
| 189,900 | 0.01 | 1899 | ||
| Des Moines, IA 50310 | ||||
| price | 189,900 | |||
| closing co | 2000 | |||
| monhrent | 1,400.00 | |||
| inspect | 500 | |||
| total cost | 193,800 | |||
| Loans | ||||
| price | 189,900 | Down % | | ||
| downpay | 6646.5 | 3.50% | ||
| total loan | 183,254 | |||
| Money Needed = | $10,903 | |||
| MONTHLY ESPENSES | ||||
| PAYMENT | $782 | |||
| tax | $275 | M insure | H insure | |
| insurance | $216 | 150 | 66 | |
| vacancy | 70 | 5% | ||
| repairs | 70 | 5% | ||
| management | 0 | 0% | ||
| cap | 175 | 12.50% | ||
| utilities | 168 | 12.00% | ||
| TOTAL | $1,756 | |||
| EVALUATION | ||||
| MONTHLY INCOME = | -356.00 | |||
| YEARLY CASH FLOW= | -4272 | |||
| CASH ON CASH = | -39% | 8%+ good |