First Rental Property Analysis

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Hello all! I am looking at analysis my first property I want to purchase off of the MLS. It is a 3/2/2/ BRICK build in 1997. The numbers are below.

Purchase Price       91,000

2015 Taxes             2400                                200/month

15% downpayment @ 4.00 for 30 years        368/month

Property Insurance                                         50/month

Total monthly cost                                          $618/month

Average rent in the area are listed around 900-1050/month

If the $900/month low end rent is considered  cash flow is $282/month not included the 116/month principle payment.

Let me know if I am missing anything. 

Garrett Pyros

[Lynn Bown]

WOW on the insurance! out hear we get raped as landlords then.
Repairs are misc repairs that will come up and represent 5% of the monthly on national average.
Capex are structural as below and divided by the average years of each since it is not whether it goes but when it goes.