BP Rental Property Calculator Analysis Critique

[Peter Li]

Hi BP Family, hope all is well!

I recently upgraded my account to Pro and have been playing around with the BP Rental calculator with a particular property and was hoping to get some critiques or pointers on how I can improve my analysis in the future...

Case in point, I chose this property to analyze:

https://www.redfin.com/CA/Roseville/344-Main-St-95...

http://www.realtor.com/realestateandhomes-detail/3...

Link to my BP rental property report:

https://bp-v-newproduction.s3.amazonaws.com/upload...

How I came up with the values:

- For annual property taxes ($2726) I took from the realtor.com link for 2016

- For closing cost, I chose the highest suggested ($2500) 

- Estimated repair cost ($5000) the property looks decent, but chose $5000 figuring there will be a need to repair something.

- Selected 25% at 4% interest rate, Left points charged and cap rate as blank. (Is that ok? is that standard?)

- Took the rent rates directly form redfin.com link and monthly insurance $75 (rounded up from $62)

- For expenses water/sewer ($100), garbage ($50) these are arbitrary numbers I selected without much research (not the best method for accuracy i know :/ ).  From redfin link, it stated that tenant will pay cable, electricity, gas/propane so i left those values blank.

- Vacancy (5%), Repairs/Maintenance (5%), Cap Ex(10%) , Prop mangment (10%)

- Annual growth (1%), Annual PV growth (1%), Annual Expense growth (1%), Sales Expenses (9%)

How would you grade my Rental Report? All comments and suggestions are greatly appreciated. Brandon from Bigger Pockets makes it look so easy lol ;)

Thanks,

Peter