Jacksonville Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago, 03/10/2019
Sample Rental Analysis in Jacksonville, Fl looking for feedback
Recently I have taken Brandon's advice and started to analyze rental properties every day just so I can become comfortable with the process and the numbers so that I can pull the trigger when I have the capital to do so. I wanted to make this post to show an example calculation that I have done and possibly get some feedback from you guys on the numbers in general, or on specifics if any of you are familiar with the area. Disclaimer: I am not planning on purchasing this house I just wanted to do an example analysis to get my technique down.
Here is the property listed on Zillow.
https://www.zillow.com/homes/for_sale/fsba,fsbo,fo...
and here is a screenshot of my analysis.
-The rehab cost is only 3000 because the property looks turnkey as it is.
-I used rentometer.com to estimate the rent
-vacancy: 5%, property mgmt: 11%
This rough calculation is giving me a CoC return of about 7%. Please let me know of any flaws you see in my calculations. Any help is appreciated as I am just trying to learn as much as possible at this stage.
Thanks in advance!
Jake