Monthly Expenses Question for Buy & Hold Single Family Rental

[JR Paulemon]

Hello BP!

I am currently searching for a Buy & Hold property in the Orlando, FL area more specifically the 32826 and the surrounding areas. I am currently looking at properties and I want to make sure my numbers make sense. Knowing the HOA fees and taxes helps me but not having a rough estimate for utilities worries me. I am looking for investors who are in this market and currently renting rooms to College students that can share some insight to the costs associated with renting rooms individually to students. My question is what are your monthly expenses? How much does your power/electricity cost you each month? Do you find yourself with a positive cash flow at the end of each month? I want to buy right and make sure I put in an offer with a price that makes the most sense for my strategy.

I thank you in advance to anyone that can share some insight on this topic. Looking forward to reading some great comments!!