Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rochester Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago,

User Stats

7
Posts
0
Votes
Jasper Son
0
Votes |
7
Posts

Question on analysis

Jasper Son
Posted

Hi, 

My name is Jasper Son and I live in brooklyn, new york. I am looking to invest in Rochester, NY and I would love some feedback on my current progress. 

Using Listsource I determined that the zip code area 14609, 14624, and 14612 had the most absentee owners within the past six months. To start out, I am analyzing these areas for property analysis. 

One of the properties that came up recently on Redfin was 740 Grand Ave, Rochester NY 14609. The place is a SFR 3 bed 1.5 bath, 1312 sqft, built in 1920. Using rentometer, I took the average rent, 1435, for my analysis. Using the BP rental calculator, I have determined that I had to offer 92,000 on a house that was listed for 135,000 for the property to cash flow $150 with a CoC return of 8.84%.

I assumed 9% for repair & CapEx, 5% Vacancy, 10% Property Management fees.

I let the tenants take care of the electric, gas, and lawn & snow care. Assumed 100$/month for Water & Sewer and 50 for garbage.

Does that sound right? 

Additional question: What bills are the landlords usually responsible especially for SFR in Rochester?

Would love the feedback. Thank you! 

 

Loading replies...