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Updated about 3 years ago on . Most recent reply

User Stats

48
Posts
37
Votes
Ignacio Linares
  • Investor
  • Duarte, CA
37
Votes |
48
Posts

Please critique my analysis

Ignacio Linares
  • Investor
  • Duarte, CA
Posted

Hello Everyone, can I please get some critiques on my analysis? I want to see if I'm running my numbers correctly

SFR in Columbus, Ohio

3 Bd 1 Bth

Sq footage: 768

Purchase price: 85,000

Closing costs: 1,500

Down payment: 12,750 (15%)

Interest: 4%(estimated guess)

loan term: 30 yrs

Rent: 850( Conservative avg)

Expenses

Property taxes: 46/month

Insurance: 70/monthly

Repairs: 85/month (10%)

Vacancy: 85/month (10%)

CapEx: 127/month (15%)

Prop. Mngmt: 76/month (9%)

Utilities: I'll have tenants pay all utilites

Total Expenses: 834

Estimated monthly cash flow: 15 dollars

Did I run my numbers correctly?

Any input would be greatly appreciated!

Most Popular Reply

User Stats

1,699
Posts
1,709
Votes
Marc Rice
  • Real Estate Agent
  • Columbus, OH
1,709
Votes |
1,699
Posts
Marc Rice
  • Real Estate Agent
  • Columbus, OH
Replied

@Ignacio Linares

Your property management will be higher due to leasing fees. Also your property taxes will get reassessed at $85k x ~ 0.0218% = $154/mo. Just my first glance thoughts.

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