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 Does ur rental income covers ur mortgage payment?, How many %?

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langstrasse
post Oct 24 2016, 08:05 PM

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Just curious, covering the mortgage payment alone doesn't mean that your property is providing positive cash flow, does it ?

My understanding is that a property is only positive cash flow if the rental covers:
- mortgage
- tax
- insurance
- maintenance fee + sinking fund
- average annual upkeep expenses (miscellaneous replacements e.g. bulbs, painting touch up etc.)

Any rental properties that actually offer that ?
I'm very much a beginner on property, appreciate if any seniors could share their views on this notworthy.gif

 

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