Your NOI will be about $26,400, your monthly P&I will be about $963, and so your annual cashflow will be around $15,000, or about $1250/month.If you're contributing $50K to the deal for rehab, your cash-on-cash returns will be:$14,843 / $50,000 = 29.73%Even at a 50% expense ratio, you're looking at a COC of about 25% and at a 55% expense ratio, your COC should be around 20%.Assuming your rehab and gross income numbers are correct, and assuming your expenses aren't going to be ridiculously high for some reason, this sounds like a great deal!

This includes $230K propeerty coverage, $10K personal property (coverage B), $300K business liability (incident)/$600K in annual aggregate (Coverage L), $600K in Premises Medical Payments (Coverage M), $1K loss of rents, and a ~1% deductible at $2K.I have a slew of questions!

If nobody wants to buy the lot, you're out the $900, you'll be paying annual taxes, you'll be paying for upkeep (lawn maintenance, debris removal), etc.Each year that passes, your investment will grow, and you'll need to sell for more and more just to get out of the hole.Not saying it's a not a good deal, but don't assume it is just because it's free...

Even better, I only needed $75k of my own cash to do this deal and as such, made a ROI of 46.6% in 2 months which is an annual return on MY cash of 280%!!!

O_o If you add all up my other expenses, it is around 13k-14k annually which means I'm losing like 5k a year!

I just came across this 4 plex for 209 000$ with 22 800$ in gross yearly rents, it also said seller was motivated so im sure it could be talked down to 185 000 or so, thats over 12% annual return!

Most of these custodians charge an annual fee based on assets in your account.

in terms of costs - advertising - 754 ANNUALLY???

It is a foreclosure duplex 2600 sq ft assessed for 94kAsking 35k I will offer 25k plus 10k to fix upBefore the bank took it the property was renting 650 per unit with tenant paying for everythingThe agent told me that the previous rent was a little lower than market for a 3br apt.IncomeAnnual rent (based on 600 per unit) 14400ExpensesTaxes-3900Insurance-980Property management-1440Vacancy(5%)-720Maintenance- 1440Total-8480Net Profit- 5920 Loan at 8% with 3500 down= 231/per month, annual- 27725920-2772= Cash flow- 3148The agent said That after fixed I could get easily mid 60's and that is even 30% below assessed value so should I cash flow this or just flip or neither and wait for a better deal?

The initial filing fees for an LLC are $500 plus a $250 annual reporting fee.