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Updated over 11 years ago,
Rental Property Numbers - Please Advice
Here is a rental townhome in NW suburbs I am looking at.
Size - 1200sqft
2 Bed 1.5 Bath
1 car Garage + 2 floors above it.
Age - 40 Years old
Hardwood Floors
Purchase Price $73,500
Loan Amount $58,800
Tax $283
HOA $182
Insurance $17
Mortgage (3.5%/15Yr) $415
Total Payment $897
Rent Value $1,200
TAX+HOA $465
Mortgage $415
Vacancy $100
Maintanance $50
Net Return $170
Rents could be 1250, but I want to keep it conservative at 1200.
Does these numbers look good. Please advice.
Size - 1200sqft
2 Bed 1.5 Bath
1 car Garage + 2 floors above it.
Age - 40 Years old
Hardwood Floors
Purchase Price $73,500
Loan Amount $58,800
Tax $283
HOA $182
Insurance $17
Mortgage (3.5%/15Yr) $415
Total Payment $897
Rent Value $1,200
TAX+HOA $465
Mortgage $415
Vacancy $100
Maintanance $50
Net Return $170
Rents could be 1250, but I want to keep it conservative at 1200.
Does these numbers look good. Please advice.