But any way you slice it, it's hard to come out when the monthly rent is only 1% of purchase price, 12% gross per year.

tenant calls my assistant today, says she's got a rodent problem.....three months after moving in....guess who's gross and leaves garbage everywhere?...

@Gary McKissick As a rule of thumb, this is your analysis breakdown: Gross Monthly Rent Income -Less 50% of Gross Monthly Rent Income (Operating Expenses) =Income Available to Pay Debt Service (mortgage payment) -Less Debt Service = MONTHLY CASH FLOW I, like many others, enjoy using the 50% Rule.

(gross rental income?

If I put 20k down he will finance for 3 years at 5%.Gross rent is at 2390 per month.

@Darrin Carey Gross Rent is $2200 fully rented with myself not occupying.

Gross Annual Income $28,800 Vacancy Loss 10% $2880 Adjusted Gross Income $25,920 Property Mgmt: $1944 (7.5%) Maintenance/Supplies $2592 (estimate based on 10% adjusted gross income) Water/Utilities $0 (tenants pay all utilities including water/sewer/trash) Annual Mortgage $12,036 (includes insurance, taxes, and PMI in payment) Estimated Total Annual Expenses $19,217 (mortgage/taxes/insurance/PMI, vacancy loss, maintenance, property management) Estimated Annual Income $6708 Estimated Cap Rate 12.33%

Originally posted by @Andy Gross: @Ned Carey , why is it that you are paying so much for money in Baltimore City?

Gross rent multipliers.

Hello All, Does anyone have any insight on the Grosse Pointe, Michigan rental market?