All Forum Posts by: Xiomara Davila

@Chris C. Thank you!

@Montez Blackburn roughly $8100/yr

@Nick Cafaro it’s a duplex, $1400 would be the combined income. It’s also the lower end of the rents. Other places in the area with similar sizes are renting for $775-$850. I just used $700 to do the numbers. I will definitely include more numbers though. Thank you!!

@Kenneth Garrett got it, thank you!!

@Kenneth Garrett I’m not sure what capex is though?

@Kenneth Garrett yes, the only thing I did not include was renovation costs because I’m not sure what that would be at the moment. The property is in great condition and just needs cosmetic work.

Hi y’all!! Newbie investor here 😬 I want to make sure I’m running my numbers correctly.

Hypothetical case:

Listing Price: $74,900

Down Payment: 25%= $18,975

Rent: $1400/month

Monthly Expenses: $700/month

So my ROI is:

cash flow = 1400-700= 700x12(for the year)= 8400

Investment= 18975

8400 divided by 18975 = .442 x 100 = 44.2%

Am I getting this correct? In a perfect world.. this would be a great investment right? Thank you in advance!!

@Cody Neumann I am not a numbers person but it looks good, I think???

@Cody Neumann $788/month on payments and rent will be increased but currently it’s $1500 coming in each month with the potential of having at least $1650/month.

@Bryan Mitchell appreciate it! :)