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8 December 2013 | 12 replies
They include utilities cable and internet.
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30 July 2015 | 124 replies
Still, the idea that you could run a furnished, luxury hotel-like accommodation with paid utilities, cable, wifi, etc. with only 18% in expenses is probably pretty wishful, even if you count yourself as an unpaid booking agent, maintenance person, housekeeper, and host when figuring your expenses.
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13 September 2018 | 5 replies
If I adjust for three of the units paying their own electric than my approximate electrical usage drops to $2066 per year which increases cash flow to $5,248 annualy.Here are my numbers as they currently stand: Assumes $700 mo for the owner occupied unit than 500, 550 and 350 monthly.All tenants are on a month to month so I am not locked in with them so if they don't wish to pay their own electric I can move new tenants in.InputsResultsPurchase price:$105,000Down payment amount:$21,000Scheduled monthly income:$2,100Total out-of-pocket expenses:$22,200Other monthly income:$0Vacancy rate (%):5.00%Debt Service Calculations:Number of Units4Blended rate:5.500%Financing information:1st loan amount:$84,000Down payment (%):20.00%1st loan monthly payment:$4771st loan portion (%):80.00%2nd loan amount:$02nd loan portion (%):0.00%2nd loan monthly payment:$01st loan interest rate:5.500%Total annual debt service:$5,7231st loan term (yrs):30Amortization (yrs)301st loan closing costs:$1,200Income and expenses:2nd loan interest rate:0.000%Gross scheduled rental income:$25,2002nd loan term (yrs):0Gross other income:$0Amortization (yrs)0Total gross income:$25,2002nd loan closing costs:$0.00Less vacancy:-$1,260Total annual operating expenses:-$15,114Operating Expenses (annual):Net Operating Income:$8,826Real estate taxes:$2,300Annual cash flow:$3,103Insurance:$900HOA dues:$0Management fees:$2,640Rates and ratios:Legal expenses:Capitalization rate:8.41%Marketing:Cash-on-cash return:13.98%Landscaping and snow removal:$0Debt service coverage ratio:1.542Maintenance and repairs:$1,320Reserves:$528Other Calculations (precise in one-loan scenarios):Supplies:Minimum desired DSCR:1.2Other:$0Purchase price to support minimum DSCR:$134,935Landlord paid utilities (annual):Average Cap Rate Supported (based on local area):9.6%Garbage:Water and sewer:$2,052MAXIMUM purchase price to support required Cap Rate$84,730 Electricity:$4,210Gas:$1,164Phone/Cable/Internet:$0
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13 July 2018 | 13 replies
I bet they don't pay their cable bill with cash.
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1 October 2023 | 7 replies
Over two minor collection items; bounced checks; multiple/history of past due payments on consumer accounts; charge-offs; high debt to limit ratios on multiple revolving or unsecured installment loans (noting also the associated monthly payment amounts due against their income); and anything housing related...old utility (including cable, cellphone, water/power) or rent balances from other locales, evictions, and past short term rentals/frequent address changes.
24 June 2018 | 13 replies
Will that include cable/internet also or is that going to be a separate charge split?
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30 June 2018 | 10 replies
Not sure how as I really looked all over the find access points and the 1 I found, I sealed (where the cable wire comes in).
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11 June 2018 | 13 replies
there just is no return on that for us.. just have cable in every room so they can hook a computer or TV.. thats really what they want..
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22 January 2013 | 11 replies
Brian HoytI came across a post that you have worked with FRP in a rental bathroom.
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24 December 2012 | 15 replies
About 6 years ago I was helping my mother inaw by running some coax cable lines in her attic, I took a wrong step right as I was finished and stepped on the Sheetrock.