All Forum Posts by: Sharad Singh

@Jon Crosby yes, I intend to property manage myself as of now. The PM cost is a place holder to see where we stand with someone handling the property. Thanks for inputs and I will keep you posted.

@Steve Weinstein Agreed... certainly

One of the tenants has been 6 years in the property. Sounds like a decent stable stream of income?

He is a hoarder and that cat smell in the house was terrible. I will let him stay the way he wants but don’t want him to do a long term damage to the property. Any ideas what my options can be?

@Jon Crosby DSCR does come into play and until mortgage, heloc P+I and all operating costs gets paid off by the rent any positive cash flow makes it a value greater than 1. I would like to profit atleast 200 a month though.

Also I have an option for a HELOC from my bank at a fixed rate for 30 yrs. it's high but predictable. Let me know what you think.

Thanks @Dennis, I wonder why this property has 6 offers (per their realtor) and what makes it so desirable? I get extremely curious. Location is Marietta,Ga.

I made this report assuming all funds are from HELOC (home Equity line of credit) only and no money out of pocket. That variable skews the cash on cash return but I may be wrong.

The moment I remove the HELOC, its a $350+ a month cash flow.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Is HELOC considered an out pocket expense? If Heloc was used for downpayment, then does cash on cash % value even matter?