Renovation to be Completed on 6-23-17
|+||$1,000.00||Monthly Rental Income|
|-||$80.00||Monthly Management Fee|
|-||$57.50||Monthly Property Tax|
|-||$40.50||Monthly Insurance Expense|
|=||$822.00||Gross Monthly Cash Flow|
Property tax expense is based on the current year. Insurance cost based on quote from our preferred insurance company. Because the above cost are real, Vacancy and Maintenance are not included in our key metrics as these cost will vary from year to year. These variable cost should be considered in your property evaluations.