小房東的樂趣

學習異地投資兼作小房東
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買房實例 - 一萬五加兩信用卡- 年回收率 10+%

(2005-09-16 22:20:21) 下一個

看房子看了將近三個月,在春天來臨之前下了offer, 我們認為秋冬季節是好的買房季節。

A 2 family house:
Assess value: $72000
Sold Price: $65000

費用: home inspection: $350 + Lawyer fee: $600 = $950.


payment method:
cash: 15K
Crdit card: (life 1.99% 25K & life 3.99%25K) total monthly minimum payment: $300

Rent Income(2 units) :
$965/mo (rent can be higher)

Costs:
insurance: $680/ year
property tax: $3300/year ( big lot.. a mistake that can avoid next time)
operating cost (water and estimate maintenance) = ~ 35x6+1000 = $1210

Tenants are not difficult to find. I located the upper unit tenant just in a week.
There are also many college students need spaces to stay too.

Investment return:
965x12 - 1210-300x12 -3300 - 680 = $2770
cash % return : 2770/ 15K = 18%

If I payoff the house with cash, 65K,
(965*12 -1210-3300-680)/65K = 10%

If I really do not want to deal with property management and hire a property managerment service, it'll be an additional 10% of the total rent.
965x12x(1-10%)-1210-300x12-3300-680)/15K =10%

My conclusion:
For best return, use the minimum cash for the max return! If i have 45K, I can invest 3 properties, as long as I can get some low rate life time credits, or whatever!

Hummm.. have the rent to cover all and also with small of cash stream, I am feeling rich.

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拓客 回複 悄悄話 好兄弟,玩的不錯:)
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