10826 W Joblanca Avenue Avondale Zestimate $85,000 paid (approx $74,000 including new AC)
120*785/85000= 1.10
Joblanca
Current Rent $785 zestimate $924
Property Management $78.5
HOA $42
Property Tax $83
Insurance $37.66 ($452 to June 2012)
Interest $250
Total Expenses $491
Net $293/month
11430 W Mountain View Drive, Avondale Zestimate $92,500 (paid $76,000)
120*895/92,500= 1.16
Current Rent $895 Zestimate rent $950
Property Management $65
HOA $46.56
Property Tax $78
Insurance $36.66 ($440 to June 2012)
Interest $271
Total Expenses $497
Total Expenses $497
Net $397
3210 S104th Lane, Tolleson
zestimate $74,500 (PAID $72,000)
120*800/74,500=1.28
Current Rent $ 800 zestimate $850
Property Management 65
HOA $42.79
Property Tax $77.83
Insurance $30.66 ($370 to June 2012)
Interest $250
Total Expenses $466.28
Net $333/month
9210 W Illini, Tolleson Zestimate $96,500 (paid $67,500)
120*900/96,500=1.12
Rent $900 Zestimate $983
Property Management $65
HOA $42 ($126 quarterly)
Property Tax $83????
Insurance $42.66 ($512 to June 2012)
Total Expenses $232
Net $668
/month
Total Net $1,691/month
This month Tivoli was did not rent until May 21st and had some start up costs associated with it. Mountainview had a garage door opener installed as a courtouesy at $280 and Joblanca had a reconditioned oven to replace the burnt out one for $399. This effectively means our cash flow on the month was $785 + $895 + $800 ($2480)-$491-$497-$466-$280-$399 ($2133)=
$347
$347
