tzaluv's Profile
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December 19, 2007
calculating rental income
As a prospective buyer of a two family, I'm trying to figure out how to estimate after-tax income on a rental unit. For example, if the market rate for the rental unit is $2000, what percentage of that can I expect to pocket(assuming I'm in the top tax bracket)? I know this depends on a number of variables, but I am wondering if there is a rough formula for estimating, or whether people can share their own experiences. Thanks in advance!