Rents are $1050 to $1100.
Low side rents for $12,600 per year
Less HOA $186 pm $2,232 p/y
Less Tax $1208
Less Insurance $500 guesstimate
Net income $8,660
Investment $75,000 plus minor closing costs
ROI 11.54% cash on cash return
This does not take into consideration management, repairs or loss of rents. However, the property was built in 2006 and has granite counters and cherry cabinets! No fridge.
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Great site. A lot of useful information here. I’m sending it to some friends!
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