I'm not even going to argue maintenance, vacancy etc. for the moment...Because you got 5k of your money back...You have 5k left in the deal...You're getting 400/month...$4800 per year...That's a 100% return on your money...Most would say it's a good deal..

Although it's possible for one sysadmin to do every job during a large-scale deployment, the tasks are usually divided between several team members, and sometimes some of the work (or subsequent maintenance) is outsourced.

Assuming $80K as an annual salary, that gives you a max payment of $1867 a month.

Ok so here is the deal I am working on. 5.75 % interest rate on an apartment complex that is currently 90% occupied and has a great manager and maintenance staff.

If one did 2 decent RE rehab projects a year and obtained a 25% return each, he'd have a 50% return on that money annually.

Basic construction and maintenance knowledge/skills will help you save money on repairs.The more hands-on you can be in the beginning the more money you'll have left over.

Insurance, Property management (unless you do it yourself), vacancy rate, repairs & maintenance - just to name a few.Look into the 50%/2% rule on this website.

At some point in the next 20 years, you'll need to put a new roof on the property and replace the A/C and the furnace, The total cost of these things will be about $7000-$10,000, or about your entire maintenance budget for that time period.

(deferred maintenance Items that could be coming up in the near future) Just because you have long term tenants does not mean that you could not have mx issues.

Price: 75000 at 6.3%DWN PMT: 18000repairs: 30000per monthrental: 2400.00 Insurance: 100.00 Tax: 283.33 Maintenance: 240.00 (10% of rental income)water/sewage: 90.00 vacancy: 133.00