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Cary Barnett on Muck Rack

Cary Barnett

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By Brian Turnbough, Cary Barnett, Drew Gedemer
| BiggerPockets Verified
Assumptions: Purchase:  120K Cash Monthly rent inc: $1100 RE Tax: 2.8% of $120K = approx $3400 >> $285/mo (might be high) Insurance = $100 Vacancy @ 5% = $55 R & M @ 5% = $55 CapEx @ 8% = $88 Property Manager @ 8% = $88 Total Expenses: $671/mo = $8052 Net Cash Flow:  $429/mo = $5148/yr Cash on Cash = 4.3% (COC goes to 5.17% if no property manager.) This is better than the bank, but most investors want a higher CoC. With $30K down, a $90K mtge @ 4% your cash flow would be $0. Also no good.
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