Rental Property Question – FlipAnythingUSA

Tagged: Math, ROI

This topic has 1 reply, 1 voice, and was last updated 4 years, 10 months ago by Hecmir.

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- July 1, 2020 at 10:48 am #938
  Hecmir
  Participant
  Newly renovated
  House Price 840,000
  3 Family
  4/1, 3/1, 2/1
  2.5K, 2K, 1.7K Rental income
  Interest 3%
  100% Occupancy is 16.7% ROI (pre-tax)
  
  What else do I need to know if I wanted to find a rental DEAL? Is this even a good deal?
  - This topic was modified 4 years, 10 months ago by Hecmir.
- July 1, 2020 at 11:06 am #940
  Hecmir
  Participant
  Lets say the vacancy rate is 33%
  The the ROI becomes 8.2%
  (Interest only Mortgage)
  *Deposit was 25% & legal fees 4%
  - This reply was modified 4 years, 10 months ago by Hecmir.
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