How can I predict net rental income after costs?

[PaulHoughton]

Hi

If I have a new 1-bed apartment rented out for 1K/month, what net income should I expect after costs?

I have been told to allow for 10 months income due to advertising costs and empty periods, but what about other wear and tear costs? My experience with houses is that they take a fair amount of cash to maintain. Eventually everything has to be replaced from carpets to kitchen and bathrooms.

So what is a fair amount to allow for these costs? What is your experience? What costs should I be aware of such as insurance,

Thanks

 

[asdfg]

Any info in the [broken link removed]