Calculations Explained
Closing Costs
Closing costs for cash purposes are typically 1% of the purchase price.
Monthly Taxes
Monthly taxes are roughly 2.25% of the purchase price for properties in Jacksonville, FL.
Monthly Insurance
Monthly insurance costs can fluctuate but this is an average for investment properties in Jacksonville, FL.
Monthly Property Mgmt Fees
9% of Annual Gross Rental Income
Investment properties purchased in the Jacksonville Wealth Builders program are managed for fees of only 9% of gross monthly rents.
| Maintenance & Vacancy Fees |
|
For the purposes of this cash flow calculator, maintenance and vacancy expenses are not included, because our clients like to see the actual cash flows that will hit their bank account each month. However, maintenance and vacancy should be accounted for as part of your investment decision and will reduce your Return On Investment. A generally accepted, rule-of-thumb is to budget 10% of your annual gross rental income for maintenance & vacancy expense.
|