The quick estimation is to divide the value of the home by 1000 and multiply by 3.5; it doesn't work well for low priced investment properties though like mine.On my rental property I got 3 quotes for the same property. $359 from Amica, $1385 from Geico, and $475 from Shelter Insurance companies on my 3br/1ba, 865 SFH in Hammond, IN.I went with the $475 one due to the relationship with the agent.Hope this helps you.Source:According to the Federal Reserve Bureau, the average cost of an annual premium for homeowners insurance is between $300 and $1,000.

Post more information including total income, annual expenses, mortgage insterest and principal and the potential to raise rents every year because the big money earned is from rent increases that automatically increase the property's value based on the Gross Annual Income and the Gross Multiplier, or the Cap Rate, or the Cash-On-Cash Return, or just how much do you really make including principal paydown and tax depreciation.Never become married to a property.

You should do something more comprehensive than using a gross rent multiplier or estimating expenses.

Based on this knowledge you can multiply Joe's CPC by his needed clicks (4 x 625) which would equal 2,500.

The third of the 7 simple rules of money from The Richest Man in Babylon is "Make thy gold multiply: invest wisely".

@Kiera Underwood the tax millage rate for Melbourne FL is 18.9 so I take the millage multiplied by the property valuation in thousands (call it 95-105k) to arrive at an estimated tax amount for my analysis.

And finally, the need for the landlord to compute the daily rate and then multiply it to figure out the first partial-month rent is not customer-friendly.

On a 120K value, you would have received a 4,363.63 deduction per year, multiplied by 10 years, which is a cumulative deduction of $43,636.30.

Like a deferred payment but put an additional multiply on it?

I note slightly less because since they usually cannot procure credit, there is less risk of them becoming indebted beyond their means, so the income multiplier is more meaningful/accurate.A large percentage of my applicants and tenants in my main area I work aren't here legally.