Here is an example to buy a house. The house price should be between $450k to $525k. If you can manage it by yourself, you can save $250/month.
House | 6bd/3ba | 2100sf | | | | | ||
Cost | 525000 | Rates | Year | Monthly Cost | Monthly Rent | Addition Cost | ||
25% Down payment | 131250 | | | | 4200 | | | |
Mortgage | 393750 | 4.75 | | 2054 | | 4000 | closing cost | |
| | Tax | 6300 | 525 | | | | |
| | Mello-Roos | | 0 | | | | |
Total Cash | | Insurance | 650 | 54 | | |||
135250 | | HOA | | 0 | | |||
| | Management | 3000 | 250 | | | ||
| | Maintenance | 2000 | 167 | | Cash Flow | ||
| | Total | | 3050 | | 1150 | ||
| | | | | | | ||
Mortgage | Rate | Principal (1st year Ave) | P&I | Total Cost/month | Minimal Rent | Cash Flow | Maximal Rent | Maximal Cash Flow |
393750 | 4.75 | 506 | 2054 | $3,050 | $4,000 | $950 | $4,400 | $1,350 |
Current rent cash flow % | 10.20 | | ||||||
Total cash flow % | 14.69 | plus principal |