I use the following monthly breakdown when advertising my flips. Can anyone think of something that is missing?
Monthly Break Down
Mortgage: 45k (10%) down
Approx Mortgage @ 7.5=$314.65
Approx Insurance = $25
Property Management 10% = $57.50
Fixed Water Rate = $35.00
Approx Monthly Expense= $432.15
Approx Monthly Take Home = $142.85
Yearly Tax Bill = $1,010 (tax deductible)