Annual gross income $52,500LL paid utilities $9,600taxes $4,356insurance $2,880Mngmnt $4,200 (8%)Maintenance $5,250 (10%)NOI $26,214CAP 7.7%1% rule 1.2%Buying with hard money > REFI with 25% down, 4.5% interest, 25y arm 5y balloon.Would love your feedback, thank you!

What are the gross rents on these properties?

So even if the gross sales price is lower, the net may higher.

How much are the gross rents currently?   

Speaking of getting things done, let’s wash our hands, put on our facemask, social distance, and get under the hood… Gross Domestic Product.

Average rents were like $20psf gross.

Is it a % of the gross rents or collected income?

) $10,000.00 Vancy (5% of Rental Income) $60.00 Repairs Damages) $50.00 Total Investment $38,750.00 Cap Ex(Replacement) $50.00 Cash Flow/Purchase Expenses 0.12 Property Management $120.00 Cash On Cash ROI 0.115395097 Total $827.37 Gross Rent Multiplier Purchase Price $100,000.00 Annual Gross Rent $4,471.56 Cap Rate Gross RM 2236.36% Gross Rental Income $4,471.56 Net Operating Income $511.17 Net Operating Income (NOI) 8.747696461 Gross Rental Income $14,400.00 Operating Expenses $6,134.04 NOI $8,265.96

After refinancing in 2015, the house cash flowed comfortably with a gross revenue of $29,000.

If you need to do a back of the napkin calculation today, try taking 36% of your monthly gross income and see if it can cover your monthly payments plus the PITI of the second home.