Below is a breakdown of the monthly expenses and estimated expenses provided.
Mortgage
$2866.97
Taxes
$333.33
Insurance
$166.67
Variable Expenses
$2080
Fixed Expenses
$620
Total Monthly Expenses
$6066.97
Electricity
$200
Gas
$150
Water & Sewer
$120
HOA Fees
$0
Garbage
$100
Other
$50
Total Fixed Expenses
$620
Vacancy
$400
Maintenance
$400
Capital Expenditures
$800
Management Fees
$480
Total Variable Expenses
$2080
Monthly Returns
The figures below estimate the costs of cashflow and returns.
Net Operating Income NOI
$23196.36
CoC ROI%
96000%
Purchase Cap
5.79909%
50% Rule Estimates
The 50% rule is a general estimate that assumes 50% of the income should be allocated to expenses.
Total Monthly Income
$8000
50% for Expenses
$4000
Monthly P&I
$2866.97
50% Rule Cashflow
$1133.03
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