Gross Monthly Rent | $1200 | |
Assumed Monthly Vacancy Expense | $-50 | (One month vacancy for one unit) |
Monthly Tax Expense | $-300 | |
Monthly Insurance Expense | $-168 | (Assumed $68 home ins, $100/month flood) |
Monthly Utilities Expense | $-160 | |
Monthly Maintenance Expense | $-100 | (probably higher with flooding) |
Gross Monthly Expense | $-728 | |
Gross Monthly Income | $1150 | |
Debt Service | $0 | (Assuming cash purchase) |
Cash Flow | $422 | |
Cash Flow % | 1.88% /Month | 22.51% /Year |
Never buy in a flood plain! Never!