Something is happening in your life that has you making a decision on whether or not you should sell your property or generate rental income.
How do you decide? Basic math..... Yup you read that right, basic math!
1. Figure out the expected rent.
2. Calculate annual taxes.
3. Calculate management fees, repairs, etc.
4. Figure out what the sales price would be, and net profit.
5. Divide the Net operating income from the sales price.
Example:
Rent $3000
Taxes $6500
Estimated Annual Costs $3000
Monthly Fees $250
Likely Sales Price $370,000
Estimated Annual Income $23,500
Capitalization Rate 6.4% (rent it out)
Olympic Real Estate Group
9401 East Street
Manassas, VA 20110
Email: [email protected]
Manassas Property Management, Manassas Property Manager, Property Manager Manassas, Property Management Companies Manassas, Manassas VA Property Manager, Manassas VA Rental Manager, Manassas VA Property Management, Manassas VA Leasing Office, Leasing Office Manassas VA, Rental Property Manager Manassas, Manassas VA Rental Property Manager, Manassas va Military Rentals, Century 21, Century 21 Manassas Realtor
How do you decide? Basic math..... Yup you read that right, basic math!
1. Figure out the expected rent.
2. Calculate annual taxes.
3. Calculate management fees, repairs, etc.
4. Figure out what the sales price would be, and net profit.
5. Divide the Net operating income from the sales price.
Example:
Rent $3000
Taxes $6500
Estimated Annual Costs $3000
Monthly Fees $250
Likely Sales Price $370,000
Estimated Annual Income $23,500
Capitalization Rate 6.4% (rent it out)
Olympic Real Estate Group
9401 East Street
Manassas, VA 20110
Email: [email protected]
Manassas Property Management, Manassas Property Manager, Property Manager Manassas, Property Management Companies Manassas, Manassas VA Property Manager, Manassas VA Rental Manager, Manassas VA Property Management, Manassas VA Leasing Office, Leasing Office Manassas VA, Rental Property Manager Manassas, Manassas VA Rental Property Manager, Manassas va Military Rentals, Century 21, Century 21 Manassas Realtor