Just want any thoughts and input on a property we're getting ready to throw an offer at! Just looking at these numbers, would this be an offer you all would go for?
Rental Property Calculator
Result
For the 15 Years Invested| Return (IRR): | 16.40% per year | | Total Profit when Sold: | $148,678.39 | | Cash on Cash Return: | 471.99% | | Capitalization Rate: | 6.70% | | Total Rental Income: | $387,890.73 | | Total Mortgage Payments: | $181,452.40 | | Total Expenses: | $151,953.13 | | Total Net Operating Income: | $235,937.61 |
| First Year Income and Expense| Monthly | Annual | | Income: | $2,315.00 | $27,780.00 | | Mortgage Pay: | $1,008.07 | $12,096.83 | | Vacancy (7%): | $162.05 | $1,944.60 | | Management Fee (10%): | $215.30 | $2,583.54 | | Property Tax: | $200.00 | $2,400.00 | | Total Insurance: | $100.00 | $1,200.00 | | Maintenance Cost: | $166.67 | $2,000.00 | | Other Cost: | $214.17 | $2,570.00 | | Cash Flow: | $248.75 | $2,985.03 | | Net Operating Income (NOI): | $1,256.82 | $15,081.86 |
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