Analyzing a deal what do you think?

[Joshua Ryan Meador]

What do you think?

[Jeff Barnard]

@Joshua Ryan Meador I would be curious to see what the numbers look like if you run more conservative. For instance, it looks like you have 3% vacancy. I run my numbers with at least 5% but usually 8 or 10%. You have 3% Repairs and 2% CapEx - these are both way too low. I recommend Repairs + CapEx = 15% total. Whether you go 5%/10% or 7.5%/7.5%, this will give you a much more realistic estimate. 2% management seems very low to me, although I self-manage so I don't have any actuals to base my statement on. Others usually recommend 8-10% here. PMI seems low, but again I am used to houses that cost much more. For my triplex, PMI is closer to $120/mo.

Are you planning to owner-occupy the building? I will assume the answer is yes since you are using a 3.5% down payment. Is the total rent number once you move out of the building?

Even if you disagree with my recommendations, run the numbers that way and see what you get. Then you will have a conservative view and a more optimistic view. Best of luck!