Milwaukee Grade C & D Rental Assumptions

[Evan Turner]

Hey BP, I'm currently evaluating a rental portfolio of 10+ SFHs in distressed parts Milwaukee. I realize gross rent on the portfolio are so high due to the struggles of the area, so I'm looking to factor realistic costs into my model. So far I'm using the following assumptions (plus tax & insurance which is a bit more straightforward) to get to a net cash flow. Vacancy: 15% Maintenance: 35% Property management: 10% Any grade C or D Milwaukee owners willing to share rough averages to the costs they are currently incurring? Thanks, Evan Turner