To use:

Purchase

• What you are willing to pay
• What is the Market price (determined buy looking at equal houses in the same area)
• Is the owner a motivated seller (does he need to sell right away)

Down Payment

• How much money do you have to put down, or would be willing to put down, on the property, but remember not to include the closing costs and initial renovations.

Initial Renovation Cost

• You can only really give a guess here until you inspect the property and/or have a home inspector come in and check the property out.

Closing Costs

• The Best way to estimate Closing costs is to Call a local Real Estate Agent.

Mortgage App. Fees (Mortgage application fees)

• Vary depending on your financial institution so do not have theses fees others can charge a large amount Call you lending a few lending agencies and price out the average in your area.

Monthly Rental

• If the property is not already a rental contact a local property management company and ask there opinion and/or read over your local classified sections and see what the going rates are there.

Vacancy Rate

• The most commonly used vacancy rate is 5% but to get a more accurate rate, Call local property managers and your real estate agents they may have good insight also check out your areas censor reports

Monthly Management Maintenance

• If you plan to have some one else manage your property then check you yellow pages and shop around for property management companies and ask for references.

Property Tax

• The real estate agent or owner should be able to give you this information.

Prop. Insurance (Property Insurance)

• If it is already a Rental you may be able to get the numbers from the property owner or your real estate agent other wise you will have to call up an few insurance companies to get a price.

Mortgage Interest Rate

• You can get this from your local mortgage broker or just look it up on the web there are tons of places that will tell you today's going rate

Mortgage Amortization (years)

• The usual term is 30 years in the U.S. or 25 years in Canada

Mortgage Insurance %

• There are a few different places to get mortgage insurance and it is only needed if you down payment is less then 20% in the US or 25%in Canada. Your realtor should know the present rate.

Transfer Tax

• Transfer tax varies greatly from area to area this can also be obtained form you real estate agent.