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 | | | | | | |
