Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago on . Most recent reply

Purchasing first rental property
Buying a HUD half duplex for $142000 in Shawnee KS. The other half sold for 165k earlier this year. Putting 25% down. Managing property ourselves. Going rent in the area is $1400 a month.
Monthly expenses are $891 (tax, mortgage, cap ex. repairs, vacancy-5%). I calculated $100 a month for repairs just in case. And we are approximating 5k (I'm being conservative) to fix up minor cosmetic issues (we already had an inspection). Closing cost 2k.
I calculated Cash on cash..came up with approximately 11%
Is this a decent cash on cash? I'm a novice at this and hope I calculated the numbers right. Please help me out 😊