Calculating Monthly Expenses?

[Simon Cox]

Hey BP friends,

I'm putting together an excel sheet to calculate potential rental property deals and wanted to ask for some insight/criticism/refining regarding my monthly expenses.

So far I have the following:

Mortgage: $350*

Vacancy: 5%

Maintenance: 10%

Management: 10%

Property Tax: $210*

Insurance: $100*

CapEx: 10%

*based on my price range in Arlington, TX.

I have to say they have added up much quicker than I expected (which I was told would happen). Please feel free to suggest any changes you see fit. I'm new at this and need all the help I can get!

Thanks!