new foreign investor asking to pro......

[Alpay Sandaloglu]

Hi BP ,

I am Alpay from Turkey.I have some RE investing in my country.But some reasons i dont want to invest more. I started look for RE in US and want to learn this marketing.

First of all, i sourched in the zillow  and i was shocked.This market really good and i was suprised.I still dont believed,is it true or not?

For example,

  http://www.zillow.com/homes/for_sale/NJ/fsba,fsbo,...

this property cost 100k

est.price 234k( but i think not true)

est. rent price 2k (scales between 1.5k and 2.5k )

price upgrate %3 every year

property tax 4.3k ( i dont understand what is tax assesment?)

İf i calculated this property numbers, i will find this numbers....

İNCOME :            1.5K 

EXPENSES:          370(mortgage)+375(taxes)+125(insurence)+75(vacancy %5)+150(repairs %10)+150 (property man.)=1245 dolar

 CASHFLOW:      255 dolar  

down payment: 20k      

ROI:% 15.3

I ask for you ,

1. Are the numbers correct?or i forgot something?

2. And realy this downpayment you invest in the property like this numbers?

3. If numbers are correct, why all people dont invest ?

4. Can i invest like this cahflow numbers with less than 20 k ?