50% Rule In Dallas?

[Brandon G.]

First, I know the 50% rule is a guideline and not a rule. I am curious: Given the high property taxes here the Dallas area, how achievable is the 50% rule?

I ran a report using a house whose ARV is $150,000, bought at $105,000 (70% ARV). 10% maintenance and capex, 8% vacancies, .027% property taxes, 10% PM, $900/yr for insurance.

I show annual operating expenses at $9637 which is about 58%.

With a monthly mortgage of $532 (100% financed at 4.5%) this only cash flows at about $60 per month.

Is there something wrong with my calculations?