To show you the benefits of investing in real estate, I want to go over the spreadsheet numbers of a property we recently purchased as part of a long-term hold strategy.
For your convenience, I’ve provided timestamps of the video above so you can jump ahead to the sections(s) that interest you the most:
2:16 – Getting into the numbers from our spreadsheet.
2:51 – The importance of having a model and having non-negotiable standards for anything you purchase.
3:35 – Our purchase price, down payment, interest rate, capital improvement costs, closing costs, and mortgage costs.
5:15 – Our monthly rent and net rental income.
6:05 – Home warranty costs, other maintenance fees, and our net cash flow per month.
7:15 – Our cash-on-cash return and cap rate.
7:49 – How your cash-on-cash return grows over time.
We’d be happy to share this spreadsheet with you, so if you’d like a copy of it so you can start playing around with the numbers, just let me know.
If you’d like to get started with buying an investment property, don’t hesitate to call or email me. My team and I would love to help you get started.