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Updated over 5 years ago,
- Rental Property Investor
- Depends on where my employer sends me
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[Calc Review] Help me analyze this deal
*This link comes directly from our calculators, based on information input by the member who posted.
Was hoping someone could give me their two cents on the calculations I have done for a quadplex I am looking to house hack. I look forward to hearing your feedback but please read and take into account the items listed below before responding. Thank you for your time and don't pull any punches.
1) The taxes are current as of last year
2) The purchase price is the current listing price
3) I am have been approved for 650K from the financial institution that I am dealing with as of 07/03/19 (will apply to other items)
3) Closing cost: what I was quoted by the financial institution for a 650K loan (see date on line 3)
4) Interest rate: Current rate I was quoted (see date on line 3)
5) No money down as I qualify for a VA loan (see date on line 3)
6) Rental income: as listed on realtor.com
7) There is laundry on site but I am unsure if it is coin operated so I elected not to use it as extra income
8) Landlord expenses: as per what was listed in realtor.com except garbage (looked at what garbage was costing for similar properties in the area and rounded up to the nearest $100)
9) No clue on what to use other than maintenance fee as I will be managing this property
10) Future Assumptions: I have no idea what any of this means and am more interested in living for free.