Home › Forums › Closed Forums › Buying and Selling RE › RE sale in Huntsville AL
- This topic has 90 replies, 9 voices, and was last updated 16 years, 5 months ago by
surveyor.
-
AuthorPosts
-
December 5, 2007 at 2:13 PM #109756December 5, 2007 at 2:17 PM #109600
nostradamus
ParticipantThat seems like a nice find but I don’t believe your annual expenses will really be only $6100. That’s enough to cover your mortgage payment, but what about management fees, repairs, insurance, maintenance & upkeep? Can you provide a breakdown of those costs?
December 5, 2007 at 2:17 PM #109714ParticipantThat seems like a nice find but I don’t believe your annual expenses will really be only $6100. That’s enough to cover your mortgage payment, but what about management fees, repairs, insurance, maintenance & upkeep? Can you provide a breakdown of those costs?
December 5, 2007 at 2:17 PM #109742ParticipantThat seems like a nice find but I don’t believe your annual expenses will really be only $6100. That’s enough to cover your mortgage payment, but what about management fees, repairs, insurance, maintenance & upkeep? Can you provide a breakdown of those costs?
December 5, 2007 at 2:17 PM #109748ParticipantThat seems like a nice find but I don’t believe your annual expenses will really be only $6100. That’s enough to cover your mortgage payment, but what about management fees, repairs, insurance, maintenance & upkeep? Can you provide a breakdown of those costs?
December 5, 2007 at 2:17 PM #109761ParticipantThat seems like a nice find but I don’t believe your annual expenses will really be only $6100. That’s enough to cover your mortgage payment, but what about management fees, repairs, insurance, maintenance & upkeep? Can you provide a breakdown of those costs?
December 5, 2007 at 2:20 PM #109605
barnaby33ParticipantWith inflation running at 8%, I’m not sure 4% is a good return. Maybe there is something else in your calculus?
Josh
December 5, 2007 at 2:20 PM #109719barnaby33ParticipantWith inflation running at 8%, I’m not sure 4% is a good return. Maybe there is something else in your calculus?
Josh
December 5, 2007 at 2:20 PM #109747barnaby33ParticipantWith inflation running at 8%, I’m not sure 4% is a good return. Maybe there is something else in your calculus?
Josh
December 5, 2007 at 2:20 PM #109752barnaby33ParticipantWith inflation running at 8%, I’m not sure 4% is a good return. Maybe there is something else in your calculus?
Josh
December 5, 2007 at 2:20 PM #109766barnaby33ParticipantWith inflation running at 8%, I’m not sure 4% is a good return. Maybe there is something else in your calculus?
Josh
December 5, 2007 at 2:30 PM #109619surveyor
ParticipantCalifornia prices…. Alabama prices…
Management fees = $375*4*0.1*12= $1800
Insurance = $900 / yr.
Taxes = $1000/yr.
Utilities/Maintenance = $110*12 = $1320
Repairs = $1080.We are doing the home inspection now, but there are no deferred maintenance issues. The roof is a sticking point, it has about five years left, so we discounted the sale some because of that. Every thing else can be taken care of and since it cash flows, I have some wiggle room. Does that mean it will perform perfectly over the first year? No, but this property should be fine over the long run.
If you include the mortgage, then the expenses are:
Mortgage: 7567
Expenses: 6100Cash Flow = $18000-7567-6100 = $4333.
December 5, 2007 at 2:30 PM #109733ParticipantCalifornia prices…. Alabama prices…
Management fees = $375*4*0.1*12= $1800
Insurance = $900 / yr.
Taxes = $1000/yr.
Utilities/Maintenance = $110*12 = $1320
Repairs = $1080.We are doing the home inspection now, but there are no deferred maintenance issues. The roof is a sticking point, it has about five years left, so we discounted the sale some because of that. Every thing else can be taken care of and since it cash flows, I have some wiggle room. Does that mean it will perform perfectly over the first year? No, but this property should be fine over the long run.
If you include the mortgage, then the expenses are:
Mortgage: 7567
Expenses: 6100Cash Flow = $18000-7567-6100 = $4333.
December 5, 2007 at 2:30 PM #109762ParticipantCalifornia prices…. Alabama prices…
Management fees = $375*4*0.1*12= $1800
Insurance = $900 / yr.
Taxes = $1000/yr.
Utilities/Maintenance = $110*12 = $1320
Repairs = $1080.We are doing the home inspection now, but there are no deferred maintenance issues. The roof is a sticking point, it has about five years left, so we discounted the sale some because of that. Every thing else can be taken care of and since it cash flows, I have some wiggle room. Does that mean it will perform perfectly over the first year? No, but this property should be fine over the long run.
If you include the mortgage, then the expenses are:
Mortgage: 7567
Expenses: 6100Cash Flow = $18000-7567-6100 = $4333.
December 5, 2007 at 2:30 PM #109767ParticipantCalifornia prices…. Alabama prices…
Management fees = $375*4*0.1*12= $1800
Insurance = $900 / yr.
Taxes = $1000/yr.
Utilities/Maintenance = $110*12 = $1320
Repairs = $1080.We are doing the home inspection now, but there are no deferred maintenance issues. The roof is a sticking point, it has about five years left, so we discounted the sale some because of that. Every thing else can be taken care of and since it cash flows, I have some wiggle room. Does that mean it will perform perfectly over the first year? No, but this property should be fine over the long run.
If you include the mortgage, then the expenses are:
Mortgage: 7567
Expenses: 6100Cash Flow = $18000-7567-6100 = $4333.
-
AuthorPosts
- The forum ‘Buying and Selling RE’ is closed to new topics and replies.