Rent vs Buy in Orlando>Question Details

Ioannis Sopa…, Home Buyer in Orlando, FL

hallo, i want to know how much money can i earn every month if i buy a house between 50000$- 90000$ and than rent it. thank you for your help!

Asked by Ioannis Sopasis, Orlando, FL Wed May 18, 2011

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6
The goal is to be at 10% or higher. This can be achieved if you select an area where rents are high, taxes and fees low. and repairs low. It is a balancing act to find just the right property. I do this with investors regularly. Feel free to give me a call if you want to acquire some property.

Ken Anderson
ApexOne Realty
321-246-3190
ken@ken4u.com
http://www.apexonerealty.com
0 votes Thank Flag Link Wed May 18, 2011
Ioannis,

It's all about ROI (return on investment) I have a simple spred sheet you can have and use. Just contact me I'll send it to you.

Need More Information? Please visit us @ http://topvaluesinorlando.com/

Mike Luzzo
Charles Rutenberg Realty
933 Lee Road, Suite 300
Orlando, FL 32810
Office: (407) 622-2122
Cell: (407) 222-4545
Fax: 407-442-0615
0 votes Thank Flag Link Wed May 18, 2011
Also,buying at a low price and paying cash will give you your highest return.
Pam
0 votes Thank Flag Link Wed May 18, 2011
As you can see, it's not an easy answer and it depends on many factors.
I one or two clients that are making several hundred dollars a month in the 50K to 90K range, but that's because they got a low interest rate loan, the taxes are low and the home owners association fees are also very low.

Most of my clients don't make much of a positive cash flow in this price range. Their exit strategy is to buy now at a low price, hold the property for several years and then sell it once the market improves.

I would also recommend that you hire a property manager to manage the property, it will save you time and money in the long run.


Leo Diaz

Property Manager.
0 votes Thank Flag Link Wed May 18, 2011
To estimate your net proceeds from a rental we need to know:
Projected Gross Income ($500-900 per month)
Less -Vacancy & Collections
= Effective Gross Income
Less-Operating Expenses
=Net Operating Income
Less-Debt Service (annual mortgage payments)
= Pre Tax Cash Flow (Before tax)

Pam Tucker
407-294-7434
Veteran Real Estate
0 votes Thank Flag Link Wed May 18, 2011
to broard a question. Please be more spacific
thanks
0 votes Thank Flag Link Wed May 18, 2011
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