Practice Rental Property Cash Flow

[Charles A. Kayuha]

Hi everyone!

My name is Alex and I am completely new to real estate/loans/finance and the like! I am a home-owner and have been for 2 years now.

Anyways, I am attempting to crunch some numbers for the first time in order to practice my basic analysis of a property and to see if it is/what makes it a "good deal".

The address I am working with is relatively local (in state): 3043 6th St, Morgantown, WV 26508

This is near West Virginia University and has bus routes nearby for transportation to campus!

Attached are the images of the excel setup, numbers, and equations I am using for these calculations.

Basically, I was wondering if anyone could help me fill in any gaps, or let me know if this looks reasonable etc.

Thanks in advance!

[Henry Lazerow]

Not sure your market but in our northside chicago market vacancy is only around 3% not 8%. Cap/ex/maintainance needs to be way higher I usually underwrite roughly $1000 a year per a unit. Management costs here are only in the 5-7% but if you are in a rural area, higher crime, etc. I could see it being 8-10%.