Deal Analyzer | Buy Your First Investment Property
Deal Analyzer
Plug in the numbers on a property. See if it pays you every month.
The property
Purchase price
$
Down payment
%
Usually 20–25%. Living in it with an FHA loan: 3.5%.
Closing costs
$
Rough guess: 2–4% of the price.
Repairs before it's rentable
$
The loan
Interest rate
%
Loan length
years
Monthly rent and bills
Rent you'll collect
$
Living in one unit? Only count rent from the other units.
Property taxes
$
Insurance
$
HOA
$
Mortgage insurance
$
Usually $0 with 20% down. FHA loans have it.
Set aside for repairs and empty months
% of rent
10% is a safe starting number.
Property manager
% of rent
0% if you manage it yourself. Managers charge about 8–10%.
Your goal
Cash in your pocket each month
$
$0
a month
See the numbers