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11 March 2020 | 8 replies
To make it simple, I take average price per square foot sold of a non-basement house and halve it.
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4 March 2020 | 4 replies
Duplex Side A - $2,500/month or $30K/year - 2-YR lease set upDuplex Side B - $2,500/month or $30K/year - 2-YR lease set up Airbnb - $4K/month or $50K/year (2-YR average) - Nightly RatesI purchased the duple in November 2019 and just noticed my credit rating dropped the day I made this purchase.
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4 March 2020 | 0 replies
I added a new chart that shows the 12 month moving average of the median price, which smooths out all of the seasonal fluctuations.
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6 March 2020 | 11 replies
The closing costs were averaged out from the area.
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5 March 2020 | 1 reply
Here is the information I entered on the property: Purchase Price $139,900.00 Closing Costs $8,000.00 (number came from my father - i originally put 3,000 but apparently 8k was his average closing cost for past properties) Rehab Costs $2,000.00 (really nice property, I just added this in as a buffer but im also inexperienced in estimating rehab costs...:/) Down Payment $27,980.00 (20%) Total Investment $37,980.00 Amount Borrowed $111,920.00 Unit 1 (3 bed/1.5 bath) $525.00 (rent we charge for our other properties) 3 $1,575.00 there's also a garage that I didn't know how to work into the numbers, or if it even should be worked in Total Investment Loan Investment Interest Rate(%) # of Payments Monthly Payment Notes $37,980.00 $111,920.00 4.88% 360 (30 yrs) ($592.29) Amortized Loan Total $671.25 (month) $8,055.00 (annual) Water/Sewer $40.00 $480.00 Trash $62.50 $750.00 every 6 months (750/2) Taxes (iffy on these #s) $267.50 $3,210.00 Insurance (iffy here too) $65.00 $780.00 Heat $- $- tenants pay Electric $- $- tenants pay Vacancy $78.75 $945.00 (5% of Income) Management (we manage) $- $- (10% of income) Maintenance $78.75 $945.00 5% of Income Capex (roof, etc
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5 March 2020 | 3 replies
However, interest and property taxes are still deductible as itemized deductions on your Schedule A.Rented for an Average of 7 Days or Less: Under normal circumstances, rentals are treated as passive activities, which are reported on a Schedule E, and net profit from the rental activity is not subject to self-employment tax.
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19 March 2020 | 1 reply
Historically, rent increased an average of 1.3 % per year described in most reports found on the internet.
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8 March 2020 | 6 replies
I am hoping that banks will take into account how much I have saved up, as well as my above average credit score and I will have a part time job to make my DTI ratio better.
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4 March 2020 | 1 reply
What is the average percentage a Buyer wants to buy a property for in the East coast or preferably New Jersey?
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5 March 2020 | 4 replies
The word has very good vibes with the average American.