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All Forum Posts by: Josiah Kay

Josiah Kay has started 19 posts and replied 152 times.

Starting Out

Post: Newbie looking for lease

Josiah KayPosted
  • Rental Property Investor
  • Wauwatosa, WI
  • Posts 156
  • Votes 99
I'm a newbie and am looking to find a solid, state specific lease, but I don't have yet have an attorney. Does anyone have any recommendations of where I can purchase one?
0 Votes
Buying & Selling Real Estate

Post: Rental Analysis Assistance

Josiah KayPosted
  • Rental Property Investor
  • Wauwatosa, WI
  • Posts 156
  • Votes 99

Hi All, 

I'm hoping to get a second (third, fourth, fifth, etc.) opinion on this property: 

Purchase Price: $97,000

Evaluation: $98,000

PITI: $713.13

Estimated Rent ( Very Conservative): $1,050

Estimated Rent (Probable): $1,100 - $1,150, possibly $1,200

Vacancy Loss: 5%

Repairs/Maintenance: $53/month

Utilities: $82/month

Monthly Cashflow: $197.95

This is a pretty turnkey property, although the furnace and water heater are on the older end. 

Thoughts?

0 Votes