Property Rental Analysis

[Priya Gohil]

Am I doing this right?

Property: https://www.redfin.com/NC/Char...

Analysis https://www.biggerpockets.com/...

Couple Questions / Notes:

1. For property tax and homeowners insurance I used what was listed on Redfin. Should I be getting these numbers elsewhere, and if so where is the most reliable source of info?

2. Interest Rate, I'm also not sure on. I am from California and I want to invest out of state. In this scenario, looking into North Carolina. I believe interest rate is 0.77% from google. Not sure if this different if it is an investment property and/or if it is different if it is someone investing from out of state.

3. So if my initial analysis is correct, I'm like okay I gotta see if I can make this deal work, but when I change Purchase Price, the only other metric that updates is the loan amount. Not sure how I can make this deal work, if I wanted to. This doesn't include CapEx.

Also I ran through couple of analysis for different area, i.e. Orlando per Bigger Pocket article on the hot market, but even then I'm getting a negative Cash Flow. I'm not sure if I'm using the calculator right or I'm experiencing what everyone is saying is that deals are hard to find right now and things are just way more expensive.

#Newbie
#PleaseBearWithMe