Looking to HH in Philly, from North jersey

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Hey everyone,

28M here and been looking to HH in Philly,

when I analyze a deal, I use 5% or $100 per each repair, vacancy, and capex. ( depending on if the property needs just touch-up repairs) i was wondering what else should i add in my calculations?

my overall goal is to get 7% + return (cocr) using a 5% down conventional loan. which is around $150 per unit or more.

right now i see many properties being sold overprice by 10k plus which is normal I guess in this market, but is everyone seeing positive cash flow in HH in or after one year in living in the unit?

any feedback is welcome.