[Calc Review] Help me analyze this deal

[Roger Turner]

View report

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

[Tim Herman]

@Roger Turner use the @ sign to tag people. they are notified that their has been a response and will check to see if their is another question to be asked. How did you arrive at 25% vacancy, That is a turnover every 3 months. Unless this is a D property then the highest I see is 10%. I am conservatives and use 8%. Unlikely the numbers you are getting  are correct over long periods of time. $83 per month for 5 units is extremely low and they gave you $104 and that is low for maintenance. Let's run a maintenance budget on 1 unit. Assume a turnover every year and a repaint every 3 years. These are made up numbers but you get the idea of how to construct a maintenance budget. Repaint $1500. Touch up the other 2 turnover @ $200 . Number of service calls 3@$150 each(1 per year)=$1500+$400+$450=$2350/36=$65 for 1 unit or $325 per month for all 5 units.  Your capex budget looks light. You would build out a capex budget just like the maintenance budget. Quick 1 item capex budget. Floors. Go to your favorite flooring store and ask for the commercial warranty. Most will be 10 years or less. The building size is 3000 sf. Assume 2500 sf of flooring. My area it is $6 sf to replace, $15000/120 months lifespan=$125 per month for 1 item. You have 5 sets of appliances, 5 water heaters, etc.