Estimating Repairs and Closing Costs

[Nikolai Lumpkins]

Hey everyone!

I'm planning on investing in a 2 Bed 1 Bath in Kenosha, Wisconsin. One of the houses I was looking at is 2911 25th Ave, Kenosha, WI 53140. Its 794 square feet and was built in 1959.

How can I determine how much to set aside each month for repairs/general maintenance. I know how to calculate for Capital Expenditures, but the smaller items I am not so sure about.

Also, roughly how much can I expect to pay in closing costs if I use financing? (For example if I bought the property for $70,000)

Any help would be greatly appreciated!

-Nikolai