Andrew Sampino
Revisiting the duplex deal in Dallas, TX
18 October 2017 | 3 replies
Here's the revised deal:Purchase Price: $340,000Down payment: $68,000Closing Costs: 5% $13,600Square footage: ~2500Bed/bath per unit: 3/2 for bothCurrent rent: $1375 and $1300 but we would raise them both to $1500 each over 2 yearsMonthly taxes and insurance: $525Estimated monthly mortgage payments on $272,000 30 year loan (80% LTV) with a 4% interest rate (which he is confident about): $1300Estimated monthly maintenance costs: 5% of gross rents ($150)Capex: 3% of GR ($90)Vacancy cost: 5% of GR ($150)Management fee: 2% ($60) (he will manage it himself for 5-7 years when he sells it)Garbage/heat: $0lawn care: $100Misc expenses: $75Total monthly expenses: $2450Monthly cash flow before rent raise: $225Cash on Cash return before rent raise: 3.3%Cash flow after rent raise: $550Cash on Cash return after rent raise: 8.1%We've only alotted 3% for capex because he plans on selling it now in 5-7 years.
Account Closed
Private Trash Hauler: 4-plex
21 October 2017 | 1 reply
I then talked to the WM residential division to get cart service and there is a city ordinance that the only hauler who can furnish garbage cans in city limits is the city of OKC.
Dustin Sifford
How to charge for water on multiplex
23 October 2017 | 4 replies
If I make the tenants pay for water and garbage my numbers work on many.
Account Closed
New deal analysis rookie investor
26 October 2017 | 8 replies
Here are my expense numbers (all monthly) Rentees pay utilities.1) PITI - 4832) Insurance - 1203) Water and Sewer - 2204) Repairs - 2205) Mowing - 256) Vacancy and Capex - 220 (110 each)7) Garbage - 568) Management - 2209) Taxes - 81The rent is expected to be 550 per door or 2200 all in.
Rahul Sunkavalli
Out of State Deal Analysis Advice
16 January 2018 | 6 replies
Nor does it include the water, sewage, and garbage fees.
Anna Marcotte
[Calc Review] Help me analyze this deal
5 December 2022 | 12 replies
Homes next to garbage dumps are zestimated the same as homes next to downtowns.
Kirsten Kracke
New to REI and looking for advice
28 July 2022 | 11 replies
I would be happy to connect you with a lender so you can review what the best options would be for your personal situation.High level example of a recent duplex I just purchased to house hack in the twin cities: Acquisition Cost:Purchase Price: $475,000Down Payment: $16,625Estimated Monthly Cashflow when moved out:Rental Income (when both sounds are rented): $4600Mortgage + Insurance + Taxes: $3,600 Utilities (Garbage + Water): $100Cap Ex: $150Repairs & Maintenance: $150Monthly Cash flow: $600Annual ROI: 43% There are not many other investments in the current state of the market where you can produce a 43% return in addition to the equity you will gain by having tenants pay down your mortgage amount!
Jason G Goepper
What is the right order of doing things?
9 July 2022 | 2 replies
What's the best way to find expense cost like utilities/electricity/garbage?
Rebecca Coleman
[Calc Review] Help me analyze this deal
10 November 2022 | 4 replies
I would expect to see at least garbage and water/sewer on there otherwise.5) I'm getting picky with this one: If you're rate is really 7.3%, great.
Emrah Latic
First time Investor-I have a few questions, can you answer them?
12 January 2018 | 8 replies
My calculated mortgage cost would be around $1,217 a month, with other expenses like property management, garbage, etc.