Michigan Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Percentages for Deal Analysis in Metro Detroit
Good afternoon BP!
I've recently been spending a lot of my time during this quarantine analyzing rental property deals using the BP calculator. My main method is find houses off the MLS and going from there. I usually set my range for houses from 50K-150K. I was wonder what percentages do you guys use to analyze deals? I've been using Vacancy 6% repairs 5% capex 8% and prop management 10%. I don't want to over/underestimate these because i feel like they are the main part for analyzing deals.
I've been looking in the Metro Detroit area such as Taylor, Melvindale, Westland, etc..
Also open to other tips you guys have when analyzing deals! (such as running comps and rent prices)