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Updated almost 6 years ago,
What are your REAL avg capex and maintenance numbers?
How do your capex and maintenance numbers on long term hold rentals compare to your assumptions? Looking to get some clarity on this matter -- a lot of people on BP suggests a percentage method, which I think can be a miscalculation for cheaper and older SFHs because a lot of capex is fixed, but rental income, size of house, vintage of house, type of neighorhood factors into the calculation. That aside, I hope to take an average of other BPer's and compare it to my assumptions to see how much I'm overcharging/undercharging myself. Give me your best inflation adjusted number if possible.
But in general, here are my assumptions when I look for properties:
SFH
capex: 2250
maintenance: 500
total: 2750
Duplex
capex: 3100
maintenance: 900
total: 4000
Triplex
capex: 3900
maintenance: 1300
total: 5200
Fourplex
capex: 4800
maintenance: 1600
total: 6400