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Updated over 2 years ago on . Most recent reply

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Tyler Benton
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@Tyler Benton missing some expenses. No insurance, won't get a loan without it. No PM. No repair costs. Vacancy of 5% is your tenant staying an average of 20 months. Are you going to repaint and deep clean between tenants. Here would be a simple repair budget. Assume $1500 to paint and deep clean + the number of service calls(I usually average 1 per year) 1.5 @$150. $1750/20 month=$87.50 per month per unit. You would also need to run a capex budget to see if what you are using is enough. If you look at the financial projections it shows you losing $500 per month after refi.

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