
4 July 2020 | 23 replies
If we were to rent out the front house that we currently live in, I would estimate it to be about $3500 or more for it, since it was remodeled, and it looks great.Analysis:So I did the math (high level) using 2 different scenarios.Scenario 1: If both the houses were rented.Property/Deal ProfileGeneral GuidelinesPurchase Price700,0001 Percent Rule (%)0.857142857Down Payment (%)3.50%50 Percent Rule3000Down Payment ($)24500Cap Rate8.214857143Interest4%Cash-on-Cash Return26.73744578Term (years)30Loan amount687,321IncomeCash FlowRental Income 12500Total Monthly Income6000Rental Income 23500Total Monthly Expenses5075.33Laundry IncomeStorage IncomeMisc IncomeTotal Monthly Cash Flow924.67Total Monthly Income6,000Total Annual Cash Flow11096.04ExpensesCash-on-Cash ReturnTaxes750Down Payment24500Insurance58Closing Costs0Water/SewerRehab Budget30000GarbageMisc Other-13000ElectricGasTotal Investment41500HOA FeesLawn/SnowVacancy200Repairs200CapExProperty Mgmt.Mortgage Insurance Premium586.33Mortgage3281Total Monthly Expenses5,075.33Cash-on-Cash Return26.73744578 Based on the above analysis, here are the key takeaways – 1)The property cash flows - $924/month 2)Cash on cash return is 26% which is pretty good in LA I reckon.3)The main thing I would like to note is the solid Cap Rate of 8.2Scenario 2: The actual scenario with only one rental income since we moved into the front house.Property/Deal ProfileGeneral GuidelinesPurchase Price700,0001 Percent Rule (%)0.357142857Down Payment (%)3.50%50 Percent Rule1250Down Payment ($)24500Cap Rate2.214857143Interest4%Cash-on-Cash Return-74.46737349Term (years)30Loan Amount687321IncomeCash FlowRental Income 12500Total Monthly Income2500Rental Income 20Total Monthly Expenses5075.33Laundry IncomeStorage IncomeMisc IncomeTotal Monthly Cash Flow-2575.33Total Monthly Income2500Total Annual Cash Flow-30903.96ExpensesCash-on-Cash ReturnTaxes750Down Payment24500Insurance58Closing Costs0Water/SewerRehab Budget30000GarbageMisc Other-13000ElectricGasTotal Investment41500HOA FeesLawn/SnowVacancy200Repairs200CapExProperty Mgmt.Mortgage Insurance Premium586.33Mortgage3281Total Monthly Expenses5075.33Cash-on-Cash Return-74.46737349In the actual scenario, I am paying $2575 every month towards the house.

21 October 2018 | 100 replies
I mainly service people I already have in the pipeline.

9 June 2018 | 6 replies
Hey Guys,My name is Caleb Sundell, I am a young sports performance coach and I’m looking to start getting into real estate investing for the long term.I am looking at SFHs and some small multi-family’s in the Spartanburg area.

15 June 2018 | 9 replies
Also the LakePoint Sporting Complex is really rising property values.

7 June 2018 | 8 replies
Mainly I say this because the thing with multi-use is you really need to evaluate each one completely differently and combine the two to see what the property is really worth.But let me also say a few things about daycare specifically.

4 June 2018 | 0 replies
My wife and I own a multi unit building in Chicago and are in need of building maintenance for the roof and siding.The main issue is our building is close to the neighbor’s house.

14 June 2018 | 13 replies
As i have my main house and the wife would sell me before she let me rent it😩

9 January 2019 | 17 replies
I haven't looked in the Berkshires / Pittsfield, MA in the past, but that's not to say that I wouldn't in the future.

14 January 2019 | 11 replies
The main reason why homeowners opt not to pull a permit is because building improvement will increase property taxes.
2 January 2019 | 11 replies
The actual changes are in the high-end SFR market, especially 3 million dollar houses flattening in price, mainly in Silicon Valley and Seattle-that is all I have actually seen.