Good morning Hampton Roads investors, Eric with Doud Realty Services, Inc. I am going to break down the numbers on a property going Active next week.
| Purchase price | Down Payment | Loan with closing Costs |
| $95,000 | $19,000 | $79,000 |
$79,000 @5% = $425.00(P&I)
Taxes | $169.00 per month
Insurance | $60.00 Per month
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= $654.00 Per Month
Rent = $1000.00 Per month
Monthly Payment - $654.00 Per Month
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Cash Flow is = $ 346.00 per month or 21% Return on investment
Like I said this property will be going active next week. I have an excel spreadsheet with the numbers plugged in I can share with you. Just call or email me at the number below and I will get that out to you. I look forward to hearing from you. Have a nice Day.
