Closed nemzarkovic closed 4 years ago
Property tax default as 1% and income tax as 0%?...
Yeah property taxes are usually around 1% of municipal value (we’ll need a database of exact rates). Good rule of thumb is around 1% from what i know (will verify)
Income tax just take it out of inputs for now (as per other comments). I think it will be best for now to let users manage their income taxes separately
closed by https://github.com/papatrix/real-estate-investment-guru/pull/62
Notes:
Great!
*see other issues for details on new inputs
Property Filters City (same input as current one with multi select) Budget (range integer input “from x to x”) Default range should be the entire range (min to max values) Year Built (range integer input “from x to x”) Default range should be the entire range (min to max values) Number of Results Integer input, default = 50 (thoughts?)
Deal Parameters Downpayment (same as current) Mortgage Interest rate (same as current) Amortization (same as current), default = 25 Forecast Horizon (same as current) Closing fees (float % input, range from 0-5% with 0.5% increments, default = 2%)
Cash Flow Parameters Yearly rent increase (float % input, default = 0) Expenses as % of revenue (float % input, range 0-100%, default = 20%) Yearly cash reserves (integer input, no max, default = 0) Yearly vacancy rate (float % input, default = 3%) Property Taxes (input float % of price, default = 1%) Income tax (float % input of taxable income, default = 0%)