Landscape

how do I fgure out rate of return on rental property?

Jul 042011

what is and how do I figure out my rate of return if I bought a rental property for 170k cash with no mortgage and if I was able to get 1100.00 a month in rent.my expenses are:

taxes per month is about 150.00.
HOA dues per month are 50.00
45.00 a month for insurance
estimated landscape fees per month is 60.00

should I also include a conservative amount towards yearly appreciation..(I think the property will not go lower)

anything towards expenses/depreciation etc that I can write off on my taxes will be just icing on cake I’m assuming?

I am a homeonwer who wants to apply for local, state and federal grant funding to make land purchases. Ideas?

Credit Repair 4 Responses »

Jun 262011

I want to buy land next to my property which totals approx. 7acres. I want to renovate my current home which is 30 years old. My home is in need of major repair. My credit is not the best and I would perfer to apply for monies for this need without going into further debt. [...]

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