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The above are maximum rents which HA will pay, actual rent depends on size, no of bathrooms,tenants income,AC or cooler, location of apartment, comparable rents in area. Please check and confirm with HA.
about rent, they will pay.Check voucher/package of tenant. Run Rent Calculator
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Invest in a Fourplex—Exploring Your Potential Returns
Example Fourplex Setup:
Two 2-bedroom units with a combined potential rent of $3,200/month.
Two 3-bedroom units with a combined potential rent of $4,400/month.
Total Potential Rent: $7,600/month
(Note: This is an estimated maximum. Actual rents may vary.)
Purchase Price: $700,000
Down Payment (25%): $175,000
Loan Amount: $525,000
Estimated Monthly Mortgage Payment (PITI): $4,425 (Please confirm with your lender)
Monthly Income vs. Expenses (Without HOA Fees)
Total Rent Collected (Potential): $7,600
Vacancy Adjustment (5%): $380
Gross Rent After Vacancy Adjustment: $7,220
Expenses:
Mortgage Payment (PITI): $4,425
Utilities (water, sewer, garbage): $400
PG&E: $40
Landscaping: $100
Maintenance: $200
Miscellaneous Expenses: $200
Total Expenses: $5,365
Expected Monthly Net Income: $1,855
If an HOA fee applies, which may cover water, sewer, garbage, exterior insurance, roof maintenance, and amenities:
HOA Fee: $1,050
Revised Total Expenses with HOA: $5,725
Expected Monthly Net Income with HOA: $1,495
With monthly returns including principal reduction:
Monthly Net Return (w/o HOA): $2,855
Annual Net Return: $34,260 on $175,000 invested
Cash-on-Cash Return:
(Net Annual Income / Total Cash Invested)
With a $34,260 return on a $175,000 investment, your Cash-on-Cash Return is approximately 20%.
Rent Increases: Rents may increase over time, enhancing returns.
Property Appreciation: Selling the property at a profit after 4-5 years could further boost returns.
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Broker Associate/ Realtor Cell # 559-274-7025 559-712-3434
DRE Lic # 01859500
Realty Concepts Office DRE # 01100967
565 Pollasky Avenue Clovis, CA 93612
Office Tel (559) 322-1194
Click below on the links to see my Websites
1 Home Buyer Guide 4 Free Home Valuation
2 Home Sellers Guide 5 Guide for Landlords
3 Search Properties 6 Mortgage Calculator 7 Guide to buy Hotels
Please forward my contact information to anyone you know with a need for a real estate transaction. PH