Looking to make an offer in the $135,000 range.Based on comps, this neighborhood is 3 blocks from where my family lives in now, so very familiar, will be $1750/month in rent.Plan on having tenant pay all utilities, or I will pay heat/hot water.Probably put about $5000 into it to freshen it up, make it pop.Assuming 4.75% mortgage, insurance, taxes, utilities (trying to avoid all), I think it will cash flow $350/month.It will be easy for me to manage given the location.

Need some work for the heat, plumbing, electric, bath, floor, wall, siding, roof.Let say the purchase price is $130k- What would be the average cost ($$$$)?

Tenants pay electric and heat.

I agree the market is hot right now and heating up even more as spring arrives.

Heat/Utilities $-HOA $-Cap Ex and Ops $150.00 (this is my minimum per month per roof.

Owner buys oil for heat, this year's cost ~ $4000.

Taxes Sewer and Water Trash Heat/Utilities HOA Cap Ex and Ops Insurance Mgmt Fee - as a % (general consensus here on BP is 10%. include it even if you think you are going to self manage) Vacancy- as a %. (8% represents 1 vacant month/unit/year)Current taxes = $9000 (Would change depending on new purchase price).

Heat/Utilities $-HOA $-Cap Ex and Ops $150.00 (this is for new light bulbs and new roofs in the future)Insurance $65.00Mgmt Fee $132.50 (BP standard of 10%)Vacancy $106.00Total Expenses $874.38Total Revenue $1,325.00Cashflow/month $450.62 Cashflow/year $5,407.48 Cash on Cash Return 26.70%

If landlord pays utility (especially water, gas, heat) go 60% costs.So for example if you had 100,000 gross income X .50 = 50,000 NOI and if 60% costs go .40 = 40,000 NOIYou take NOI divided by the sales price to get the cap rate.40,000 NOI / 340,000 purchase = 12 capThis is a just a general guideline and much more goes into this.

I'm a Realtor here is Noblesville and my business partner is a successful owner of a heating/cooling company.We have not done any deal yet- but that will hopefully be here soon.Very anxious to network with other local investors and expand my knowledge.