Thursday, March 18, 2010

1070 Doxey- Great Street, Lots of Room

1070 Doxey in Ogden, Utah is a typical, solid home for a family on a quiet residential street.

Like many Ogden homes it is a great investment property because the monthly rent covers a mortgage, taxes, interest, property management fee, repairs and vacancies.

It was gutted and refinished in December 2009.

Rental Information
Annual Rent $10,740
Annual Mortgage 7,195
Taxes 820
Insurance 450
Gross Cash Flow $ 2,275

Property Management 537
Repairs Allowance 537
Vacancy Factor- 5% 537
Net Cash Flow $664

Loan Information
Loan Amount $98,000
Property Value $118,000
LTV 82%