Purchase price: $$200,000$

Downpayment: $20\%$

Mortgage Terms: $30$ years, Fixed Rate of $5\%$

Closing costs: $2\%$ of mortgage

Selling costs: $6\%$ of sales price

Expected rent: $$18,000$

Vacancy rate: $5\%$

Expected yearly property appreciation: $4\%$

Annual Maintencance costs: $$1000$

Annual Insurance Premium: $$1,500$

Annual Taxes: $$2000$

Other annaul expenses: $$500$

Assume no tax savings to owner's personal income. Calculate the cash needed at purchase? Calculate the expected net cash flow from operations in year $1?$