You have $$200,000$ to fully leverage to invest in Washington state Real Estate. You need to invest at least $$190,000$ of the money to purchase real estate. Which existing property$($ies$)$ on the market would you investment in to achieve the greatest cash flow?

Purchases are made based on listed price minus $5\%($Use prices from

Zillow.com or

Relator.com$)$ Your $$200,000$ needs to cover for each property

Cash needed

$15\%$ down payment

Appraisal $-$ $$300$ per property

Credit report$/$insurances$/$various fees $-2\%$ of purchase price

Inspection $-$ $$300$ per property

Real estate Broker's commission $-2\%$ of purchase price

Expenses

Vacancy rate $3\%$

Mortgage $-$ today's rate

Expense $-40\%$ of gross rent

Income

The first year's rent is based on existing rental value listed on Zillow or

Relator.com

Provide:

For each property$|$

Description

Property description $-$ Address, # of units, type of units

Listed price

Purchase price

Cash needed:

Down payment

Appraisal cost

Inspection cost

Credit report$/$insurances$/$various fees

Real estate Broker's commission

Total cash

Expenses:

Expected income per unit

Gross potential monthly income for property

Net monthly income before mortgage payment

Mortgage payment $-($use today's best rate for $30$ year loan$)$

Net Monthly income after mortgage payment

Yearly income

Total Cash Flow

List each property: Purchase Price

List each property: Total Yearly Income

Total yearly income for all properties