No Money Down Deal Analysis

[Joe Fornasiero]

Looking for input on renting out my primary residence that I purchased with a 0% USDA loan. I've been in the property for over a year. Purchase price $136,500 current value $155,000. Everything in the home is brand new with the exception of the HVAC which I have covered under the consumers energy protection plan. Rent: $1,475 Vacancies 5%: $73.75 Maint 5%: $73.75 Capex 10%: $147.50 Property mgt 10%: $147.50 (plan to manage myself) Insurance: $37.50 Taxes: $217 P&I: $636 Cashflow: without mgt: $289.50 With mgt: $142.50