Rich Dad's Success Stories: Real Life Success Stories from Real Life People Who Followed the Rich Dad Lessons by Sharon L. Lechter & Robert T. Kiyosaki

Rich Dad's Success Stories: Real Life Success Stories from Real Life People Who Followed the Rich Dad Lessons by Sharon L. Lechter & Robert T. Kiyosaki

Author:Sharon L. Lechter & Robert T. Kiyosaki [Lechter, Sharon L.]
Language: eng
Format: mobi
Publisher: Hachette Book Group
Published: 2003-09-30T16:00:00+00:00


Purchase price: $70,000

Cash put into property

Down payment: $7,000

Closing costs paid by us: $0

Repairs/renovations paid by us: $35,000

Total: $42,000

Monthly cashflow analysis

Rental income: $1,825

— Vacancy loss (5%): $91.25

Total income: $1,733.75

Monthly expenses:

— Taxes (property) and insurance: $208.30

— Repairs/maintenance (6% of rental income): $109.50

— Reserve: $50

— Yard work: $20

— Management fee (10% of rents): $182.50

— Loan payment (30 years at 7%): $419.14

Total: $989.44



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