All Forum Posts by: Account Closed

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

Steven Butala, thanks for the nice introduction, you are only several hours away from me in Scottsdale. I still think we have better weather here in EL Paso :)

Garrett Pyros

Hello all! New member living in El Paso but working in Juarez. Would like to meet people in the area or people who invest in the area. My experience in real estate is mainly through primary residents and made decent returns through ownership, looking to extend this knowledge through investment.

Let me know if you are from the area, know about the area or interested in talking about the area.