[Calc Review] Help me analyze this deal

[Adrianna Tyson]

Hey so I'm new to this website and to analyzing rental properties but i watched some YouTube videos and put the numbers together. This property is actually a duplex and which I didn't remember how to include both address for a multifamily with the calculator but I think the numbers would be the same!? Its 2/1 in each unit, please let me know what you think? or if i need to go back and recalculate. I hope someone replies, thank you !

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

[Andrew R. Lucas]

@Adrianna Tyson you have some great local investors commenting above.  

I'd add that you should consider adding a property management costs to your calculator. I see it at 7%, but that should be 20 or 25% for STR. I know you will probably do it now, but your time isn't free. And you will want to know if this will cash flow even if you can't run it. My experience is that I'd rather hire a manager that already has the "Super Host" designation so my listing will start out with more bookings.

As brandon said above, 3,500 a month is high for actual income.  If its 3,500 gross rental then you would probably get more like 2,400 to you before management, taxes, insurance, and mortgage.  

Happy to help further!

Andrew