Your initial equity in the property. Investment properties typically require 20–25% down to avoid PMI and get the best rates.
Fees paid at closing — title search, attorney, lender fees, etc. Typically 2–4% of purchase price.
How much you pay the bank per year in Principal + Interest. This is your biggest fixed expense.
Private Mortgage Insurance — required when putting less than 20% down. Adds to your monthly cost until you hit 20% equity.
A monthly fee for 3rd party property management. Budget 8–10% even if self-managing, since you may hire it out as you scale.
Set aside for future repairs — roofs, HVAC, appliances, plumbing. Every property will need work eventually. Ali & Josh use 10% of gross rents.
Accounts for the time a unit sits empty between tenants. 5% = roughly 18 days per year. Varies by market.
If you cover water, sewer, or garbage — budget this in. Tenant-paid utilities = enter 0.
Anyone with the link can view the city and deal numbers. The street address and your contact details are not included.
| Income | |
| Annual Gross Income | — |
| Expenses | |
| Management Fee | — |
| Maintenance / CapEx | — |
| Vacancy | — |
| Utilities | — |
| Insurance | — |
| Taxes | — |
| Annual Debt Service (P&I + PMI) | — |
| Net Annual Cash Flow | — |
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