YOU can get a loan in the US- specific cashflow examples

Hello All,
I've been asked this question by some of my blog readers :
What's the estimated breakdown of expenses for buying a property in AZ with a loan?

So- for those who have not read my previous post: I've found a bank in AZ that will provide you with a loan for 50% of the house's value for around 5.35% interest for 7 years !
This is a great solution if you want to invest less cash or buy more properties with the same investment amount of $$$.

Let's say you buy a beautiful 4 bedroom house in a golf course community for max. $ 70,000 that rents for $ 850 per month (and we can get them for less than that sales amount for you- depending on the area).

Average yearly expenses:
Property taxes- $ 1500
Insurance- $ 350
HOA- $ 600
Mortgage- $ 3350
Property management: $ 800

Total estimated yearly expenses: $ 6600
Total estimated yearly income: $ 10,200
Yearly Cashflow: $ 3600

And then you can buy 2 houses instead of one with the same $ 70,000 (or less) investment.
Isn't that GREAT?

Keep asking questions. That helps clarify for all my followers and provides me with feedback about this blog.
See you soon again with details about additional investment properties...

Naomi.