Bensalem PA, Single Family Rental Property Analysis

[Jay Shaik]

Hi,

Can you please help me with the below analysis

I learned the basic Analysis steps from the Biggerpocket Videos and did Analysis for the three properties i would like to invest on

Please advise me if i missed any points

I still be ok to go with small -ve cash flow for now as i still have the potential to convert the basements info dwelling units in the future and i did not include the property management fee as i will be living in the property too..

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Address:1 Bensalem PA 19020, 3bed, 2Bath (No Basement )

BuyPrice:$350,000, DownPayment:0.00% APR:5.00%

Income:$3,000 ,Expences:$3,352, Cashflow: -$352

Expences:$3,352=(Mortgage $1,951.35 +PropertyTax $443 +PMI&Insurance $408 +CapEx $300, LawnSnow $100, Vacenecy $100)

This Will wrap into the Mortgage anount =ClosingCost $20,000+RehabCost $5,000+Mislenious $2,500=$27,500

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Address:2 Levittown,4bed, 1Bath , (Potential to Add 1Bed 2Bath in Basement )

BuyPrice:$229,000,DownPayment:0.00%,APR:5.00%,

Income:$2,000, Expences:$2,233, Cashflow: -$233,

Expences:$2,233=(Mortgage $1,274.09 +PropertyTax $291 +PMI&Insurance $268 +CapEx $200, LawnSnow $100, Vacenecy $200)

This Will wrap into the Mortgage anount =ClosingCost $10,000+RehabCost $5,000+Mislenious $2,500=$17,500

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Address:3 Bensalem, 3bed , 3bath (Ptemtial to Add Another 3Bed and 2Baths in Basement )

BuyPrice:$285,000,DownPayment:0.00%,APR:5.00%,

Income:$2,500, Expences:$2,785, Cashflow: -$285,

Expences:$2,785=(Mortgage $1,616 +PropertyTax $361 +PMI&Insurance $333 +CapEx $250, LawnSnow $100, Vacenecy $125)

This Will wrap into the Mortgage anount =ClosingCost $20,000+RehabCost $5,000+Mislenious $2,500=$27,500

Thanks,

Jay.