I am unlicensed by design, but am consciously competent in brokerage per my education... and certainly my experience.

That's $1,600/month additional each month, over 60 months that would be $96,000 gross cash flow per month.Now of course there are many other factors, like other expenses, vacancies, etc, but your target is really not far off given your current monthly profit.Of course I do not know your monthly lifestyle either so that may trim things down a bit if you have extreme monthly bills and a high end lifestyle.

.$100,800 Potential Gross annual income ($5,040) 5% Vacancy Factor - could be more ----------- $97,760 Effective Gross Income($26,400) Taxes, Ins, Water, Sewer($ 9,576) 10% Property Management($ 9,576) 10% Maintenance($ 1,000) Misc Fees, snow removal etc.------------$49,208 Net Operating Income$49,208 @ 8% Cap Rate = $615,100$49,208 @10% Cap Rate = $490,208$49,208 @12% Cap Rate = $410,066The numbers could slightly be skewed by higher/lower vacancy factor (5% is the lowest I would ever use).

For instance, a home with an ARV of $100k or less, you need to be at the 65% minus repairs, a home with an exit such as yours of $475k can be as high as 77% IF it is an easy and quick flip, guideline should be set no more than 75%.For homes with longer rehab times and higher ARV's like $750k and up, you need to get the rule back down to the 65% mark again.Point being, the rule needs to adjust according to each property type, time factor, difficulty factor, etc.At 81% of ARV + you added in rpeairs on top of that (if that costs was $25k) then your "all0in cost to exit price was 86.5%Your $42k profit based on an estimated $411k cash investment gives you a cash on cash return of 10.2% (that is only half of the minimum I shoot for).

Custom designer kitchen w/espresso cabinets & upgraded countertops, NEW stainless steel appliances including fridge & built-in microwave.

The company requires a commission of 1 months rent for finding and placing a qualified tenant and then negotiate a management fee of about 8%-10% depending on a few factors.

If you're financially liable for any delays, make the contractor responsible for past deadlines regardless of all factors.

Since your house might be on a busy street, did you factor the 20 to 25% deduction in value, or if you are selling commercial did you factor the potential increase in value?

If the statutes do not address your question, then the case law very well may give you the answer.3) make sure any case law answer to your question applies in your jurisdiction.Note about jurisdiction:Jurisdiction means a certain geographical area (for this conversation anyway - there are times when jurisdiction doesn't refer to geography.)The size of the geographical area depends on a number of factors.

Since my web design business took a beating, I had taken it upon myself to make sure I state in shape.