[First Time Investor] Help in deal analysis

[Dhruv Kalaria]

Hello,

I am looking at this property and looking at it to be my first investment. 
Here is the link to the Analysis

I am looking at it as a buy-and-hold property and renting it out on VRBO/Airbnb.

Looking for suggestions that I could look out for.
Open for collaboration. Appreciate your help!

Thank you,
Dhruv K.

[Andrew Garcia]

Hi @Dhruv Kalaria, there are a few things I see. Below is my feedback.

1. 2% vacancy is really low, especially for an STR.

2. A 5.2% interest rate is low unless you are buying this as a primary residence and renting out part of it or an ADU as the STR.

3. 3% for maintenance and cap ex is also really low, especially for an STR.

4. You did not include any utility expenses. 

I would re-run the numbers once you make the necessary adjustments and see if it still works.

Hope this helps! Let me know if I can be of any assistance.