You can utilize rentometer, BPinsight, craiglist and facebook marketplace to get a gauge for rent, put it into the BP calculator along with maintenance, capex, vacancy, and property management (b/c the ultimate goal is for this to be a passive investment) and see if its profitable.

@Lallu Tappu Don’t forget to also calculate your HOT which Galveston mandates.

This is what info I have from the promissory note:Principal: $750,000Beg Date: 09/14/2021Interest Calculation Method: 365/360 basisInterest rate: 3.650%Final Payment due on September 14, 2051When I plug info into the online amortization schedule, the payment comes out to be $3,453.28, $2,2281.25 (interest), and  $1,172.03(principal)However the email I have from the bank has the information below:Summary of Account Current Balance: $750,000.00 Interest Rate: 3.6500% YTD Interest Paid: 0 Maturity Date: 9/14/51 Payment Information Current Principal Due: $1,627.26 Current Interest Due: $1,825.00 TOTAL DUE: $3,452.26 Payment Due Date: 10/14/21Thanks,

Investors use cap rate to estimate their potential ROI (return on investment) for a particular asset.In a simplified definition, the cap rate calculates a property’s natural rate of return in a single year by dividing its annual net operating income (NOI) by its purchase price.

This is potentially my first investment property and it was my first time to use the calculator.

I can borrow against my 401k to put at least 10% down (don't know how fast that happens), but I don't know how to get the $ for the rehab cost I calculated at $120k...

View report*This link comes directly from our calculators, based on information input by the member who posted.  

View report*This link comes directly from our calculators, based on information input by the member who posted.

View report*This link comes directly from our calculators, based on information input by the member who posted.

Donovan S.View report*This link comes directly from our calculators, based on information input by the member who posted.