Help me analyze my first deal :)

[Joshua Harriman]

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*This link comes directly from our calculators, based on information input by the member who posted.

[Lydia Bundy]

Hi, @Joshua Harriman! For Abilene, you're probably going to need to plan on much higher costs than what you have in your calculator. Utility costs could be twice as high (unless you have the tenant pay for them). Even if your property has an assessed value of only ~$115K, your taxes will probably be much closer to $3000/year unless you're a disabled veteran with a homestead exemption or the property is located out of city limits. You can check the current taxes by typing in the property's address on the county tax assessor's website here. For most SFH rentals here, the insurance cost is closer to $1200-3000/year, depending on flood zone, like @Tanner Sherman wrote. One wouldn't expect Abilene to have issues with flood zones since we're nowhere near any big bodies of water, but if you've driven around town while it's raining, you know! 😅 Most property managers here do charge at least 10%, plus potential extra fees when you have turnover. I know that's a lot of expensive variables, but even just getting started analyzing your options and being prepared before jumping in is a fantastic step toward positive cashflow! :)