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24 January 2015 | 6 replies
The elementary school isn't good, but the middle and high schools are decent.I'm supposing here that I am the one who purchased this home.Zillow's Description: "Like new South Arlington home, Mansfield ISD, 2 living areas, formal dining and bfast nook, fresh paint and newer carpet, large fenced yard, 2-car garage, near shops and schools." - Zillow.comDeal Analysis: Using the SFH Analysis Excel sheet by @Brandon Turner.NOI: $10,185Cash Flow:Net Operating Income: $849Mortgage: $470Total Cash Flow: $379/Month Return on Investment: %17.08( Cash flow Includes costs listed below but the spreadsheet forces $2,900 in closing costs, which may normally be paid by the sellar, I think. )Purchase Price: $116kRepairs: $500 ( Stated to have been like new. )Downpayment: $23,200 (20%)Financed Portion: $92,800 (80%)Monthly Rent: $1600 ( Comparative + adjustment from Rentometer.com)Vacancy Rate: 10%Property Taxes: $270/Month ($3233/Year)Insurance: $288/Month ($3456/Year) - Suggested on SpreadsheetMaintenance / Repairs: $100/Month ($1200/Year) - Suggested on SpreadsheetAdvertising: $150/Month ($1800/Year) - Suggested on SpreadsheetAdministrative: $150/Month ($1800/Year) - Suggested on SpreadsheetUtilities: Paid by tenantConclusion:After comparing and running my numbers through Brandon's sheet, I feel like the final cashflow of $379 is a well-buffered number.
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10 May 2019 | 6 replies
An ADU is much more costly per sf because there aren’t any cheap sf like hallways and separate living, dining, and family rooms that you have in a normal house, but you still have all the kitchen, bathroom, electrical, plumbing, and HVAC.
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10 February 2018 | 32 replies
The house has 2 bedroom, 1 bath, living room, formal dining room, kitchen, and laundry room.
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13 September 2017 | 50 replies
I've been stunned at the number of people who will show up to help homeowners pull out their drywall, carpets, etc.
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27 November 2017 | 8 replies
My co-worker friend (who was about 8 months pregnant) was cooking downstairs when water came flooding through the light fixture, across the floor and into the dining room where they had just placed new laminate flooring.The "plumber friend" disappeared and my friend and her husband realized the value of owning (which they did not have) a water key to shut the water off at the curb meter.
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19 October 2016 | 17 replies
I need to have the entire home cleaned at a cost of $300 Damages include: pealed wall paper in living room, dog scratcheson rear exterior door, re-seat and adherelarge stone on rear patio, crayon on living room walls, crayon on dining room wall, pealed wall paper on stairs, damaged interior side of middle bedroom door, broken mirror in bathroom, holes in both front bedroom doors, full cleaning including removal of items left behind, cleaning appliances and scrubbingcrayon from the walls.
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14 October 2019 | 2 replies
There is plenty of space for your family with 5 bedrooms, 2 family rooms, a living room, and a formal dining room.
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27 March 2019 | 5 replies
DishwasherCentral AirKitchen big enough to fit a normal sized table when there is no dining room.
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30 August 2022 | 35 replies
Or an unneeded formal dining room that can be turned into a bedroom.
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20 May 2013 | 8 replies
Ray- I'm currently working on my first flip- $250k ARV, replacing floors in the first floor- living room, dining, and kitchen.