[Calc Review] Help me analyze this deal

[Dennis Moore]

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

I just really feel like this COC Return and Yearly Earns are to good to be true. Wanted to make sure there isn't a mistake in calculations. 

[Brent Coombs]

@Dennis Moore, no Property Management Fees?  If the neighborhood is as bad as the purchase price suggests, you need to also include a realistic initial Renovation cost, and even more importantly, a monthly allowance for Maintenance and Cap Ex (say, 10% for each, and the same for Property Management).

What's that?  You want to manage the Property yourself?  OK, but pay yourself for that!  

Also, how did you arrive at (only) 5% Vacancy Allowance?  

One more thing: Will it really rent out for $2,300/m?  Cheers...