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Updated about 8 years ago,
Cash on Cash %
I want to simplify this...
If I was looking at buying a rental for $40k
Putting 25% down $10k
Rent is $650 per month yearly $7800 yearly
Mortgage is $274
Repairs $4,000
when I figure out cash on cash % do I add the repair or I am just trying to get a ballpark #.
What would the formula be and what is a good % - 10%?