Real Estate Income Report – January 2016

My real estate portfolio currently consists of 6 rental units.  The monthly reports highlight the income and expenses associated with each property as well as the total monthly profits or losses.

January 2017

Total Income: $4,975 – Ahh, if only that was all profit.  Now for the expenses.

  • Mortgages / Loans: $2,913
    • This number is slightly different then my December total due to adjustments to my escrow payments.  This happens each year depending on whether you have a shortage or overage in the escrow account.  These adjustments are determined by the mortgage company.
  • Repairs: $0
  • Utilities: $1,234
    • Each property received the annual trash bill.  I receive a 2% discount for paying in full, also paying in full affords me some nice time savings.  If I paid quarterly, I’d receive 18 additional bills in the mail, which would result in 18 additional payments.  6 total payments and a discount is much better, although its a bit rough on the cash flow this month.

Monthly Cash-flow: $832 (this is a pre-tax number)

But wait, there is some more hidden profit.  Where you ask?  The portion of the loans applied to the principal is a hidden profit, to be realized upon selling the property.

Hidden Profit: $732

Total January 2017 Profit: $1,564

Overall, January was a profitable month.  I didn’t have any tax or insurance expenses (some properties don’t have escrow), but I did have to pay $205.80 per property to cover the annual trash bill.

Related posts

Leave a Comment

Time limit is exhausted. Please reload the CAPTCHA.