Money In, Money Out

By Shira Springer  |  October 21, 2007

Making sure rental income covers expenses can be tricky. Here's the financial breakdown for one multi-family rental property in Waltham with an estimated worth of $650,000.

Mortgage $3,550/month
Taxes $458/month
Water $250/month
Insurance $125/month
Total expenses $4,383/month
Rental income $4,000/month

2007 Maintenance Costs to Date

$10,000 to replace roof
$2,000 to replace porch
$1,500 to make improvements in one unit while vacant
$400 to fix clogged drain