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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