This is what it looks like.6plex Sales Price $325,000 Loan Amount $260,000 Interest Rate 7.125%Term in Years 30Loan to Value 80.00%P & I $1,751.67(This loan is through an Alaska housing program for which both this property and I qualify for.)Total Rental Income $57,600 Less Vacancy 10.00% -$5,760Adjusted Gross Income $51,840EXPENSESTaxes $4,584 Insurance $2,580 Utilities including Refuse/Cable $9,661 Management $4,725 Maintenance & Repairs $1,000 Replacement Reserves $1,800 Miscellaneous $1,000 Total Expenses $25,350 Net Operating Income $26,490 Total P & I $21,020 Net Cash Flow $5,470 = $455 per monthI know that the cash flow doesn't look that great with the property management cost but it is required to be factored in for this program.

Look into getting Cable TV or Wi-Fi for the entire park and in doing so, your residents will get a break on these costs and you should be able to profit as well. 10.

It sounds like you'll be doing complete electrical...pre-wiring for phone and cable is easy enough and can avoid wiring rat's nests in the future.

Yearly PITI: roughly $28,000 Yearly association fee: $2500 Cleaning fees (paid by renters) Yearly average utilities (cable, phone, heat, electric): $3240 Yearly advertising costs (vrbo/homeaway.com etc): $600 Total costs: $34400 The house rents solid 3 months in the summer and 3 months in the winter.

Yearly PITI: roughly $28,000 Yearly association fee: $2500 Cleaning fees (paid by renters) Yearly average utilities (cable, phone, heat, electric): $3240 Yearly advertising costs (vrbo/homeaway.com etc): $600 Total costs: $34400 The house rents solid 3 months in the summer and 3 months in the winter.

The question in the United States is not whether the poor are able to eat, but whether they have the premium cable package on their big screen TV!!!

Cable TV.

When I was visiting in southeastern VA (pop ~3 million in the area) a year or so ago the cable company was carrying a 24 hr "barker" channel.

I hate having a phone cable pluged in to my computer due to lightening strikes as I had one that went right through a UPS backup and surge protector once and have been leary every since.

Some other ways to make money on your rental properties:-coin laundry in the basement or each unit-offer Internet service for a fee; while water, cable, phone, electric are all regulated and you cannot sell at a profit to your tenants, Internet service is still unregulated.