[Calc Review] Help me analyze this deal - Kansas City 14 unit

[Scott Goulet]

BP,

I have a property in Kansas City I am looking for some guidance on.

14 Unit

List Price: $750K

Cap rate is what I am a little unsure of in Kansas City, i used 8 cap for this example

ARV based on the 8 cap is $1,470,000.

4 units are currently rehabbed, with 10 needing to be rehabbed, each unit is a 1bed 1bath about 450 SQ FT, i have quotes to rehab each unit for $10K

the BP BRRR calc is giving me very small cash flow, but "infinite" returns after 5 years.

Just trying to determine if i am close to the realistic numbers here or am I far off? 

Thank you! 

View report

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

[Caleb Brown]

Quote from @Scott Goulet:

BP,

I have a property in Kansas City I am looking for some guidance on.

14 Unit

List Price: $750K

Cap rate is what I am a little unsure of in Kansas City, i used 8 cap for this example

ARV based on the 8 cap is $1,470,000.

4 units are currently rehabbed, with 10 needing to be rehabbed, each unit is a 1bed 1bath about 450 SQ FT, i have quotes to rehab each unit for $10K

the BP BRRR calc is giving me very small cash flow, but "infinite" returns after 5 years.

Just trying to determine if i am close to the realistic numbers here or am I far off? 

Thank you! 

View report

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

For the area 8-10 cap would be a safe bet. I am pretty sure I know which one you are referring to. One concern would be how small the 1 bed units are. I do think $700 for market rent is conservative.