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12 September 2016 | 2 replies
Annual property taxes of $800-$1000.
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11 September 2016 | 0 replies
I've got excellent credit at the moment and a job with six figure income (however much lower after taxes/student loans/primary mortgage), would this help gain what I want with a lender?
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23 February 2017 | 4 replies
Asking price: $245,000 - reasonable for the areaEstimated Monthly Rent under current leases: $2500.00 - on the low side of the range for the area but the tenant base is long term and stableAnnual Taxes: $5000Annual Insurance - Unknown/information requestedUtilities - Unknown/information requestedBuilding Owner pays for alarm monitoring,electric and water bills - have asked for monthly cost averages but do not have yet.Individual tenants pay their own internet and phoneDescription: 2400 sqft, brick building with a 10 space parking lot, good location Known upcoming repair is HVAC for the downstairs (est $5k), upstairs HVAC has already been replaced.Thank you for your time as well as your opinion on this deal, recommendations for additional questions, additional information etc.
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2 December 2016 | 9 replies
Asking Price: $200,000Gross Rents (4 units): $2400 per monthExpenses: Taxes: $350/moInsurance: ~$200 (haven't gotten a quote yet)Vacancy (5%): $120 Repairs (7%): $168Capex (6%): $144PM (10%): $240Total: - $1,222Mortgage: - $787 (conventional with 20% down and fixed 4.25%) NOI: $2400 - 1222 = $1178Cash Flow: $1178 - 787 = $391 per month (10% CoC ROI)We feel like this is a pretty good deal based on our numbers, but want to see if we are missing anything?
20 September 2016 | 4 replies
But be careful of the taxes eroding any possible cashflow. a 60k property in Coram, NY will run you 5600 in taxes, so this appears to be a challenge even in suffolk.
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12 September 2016 | 0 replies
“Now after the Sabbath, toward dawn on the first day of the week, Mary Magdalene and the other Mary came to see the tomb.”
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12 September 2016 | 2 replies
How much should I reasonably expect to pay in state and federal tax?
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14 September 2016 | 11 replies
Who's been paying property taxes and insurance all these years?
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12 September 2016 | 0 replies
.$7,850 Gross Monthly Rent$785 Vacancy (10%)$785 Property Management (10%)$1000 Taxes (Current Totals =$675/mo) Anticipating taxes to go up after purchase$1000 Insurance$1028 CapEx$392.50 Maintenance (5%)= $2859.50 NOIWith that NOI, what would you pay for it.
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17 September 2016 | 6 replies
Hi Marie,I'm not a seasoned investor, actually just starting out, but I'm close to making an offer on my first rental property, and wanted to share what I found when I ran the numbers in a similar situation.