Vacancy Rates in Akron

[Justin Wilson]

Hello all,

I'm analyzing a 6-unit with two 1 BD / 1 BA units and four 2 BD / 1 BA units.  I'm using 10% for vacancy in my proforma analysis.  Is this a good number to use or is it to conservative?  Any help is appreciated.

Thanks,

Justin

[James Wise]

Originally posted by @Justin Wilson:

Hello all,

I'm analyzing a 6-unit with two 1 BD / 1 BA units and four 2 BD / 1 BA units.  I'm using 10% for vacancy in my proforma analysis.  Is this a good number to use or is it to conservative?  Any help is appreciated.

Thanks,

Justin

Yea that's fine. 5%-10% is a reasonable expectation of vacancy when running an apartment building in an area like this.