Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Justice NA
0
Votes |
3
Posts

[Calc Review] Help me analyze this deal

Justice NA
Posted

View report

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

Most Popular Reply

User Stats

2,206
Posts
1,249
Votes
Replied

@Justice NA So you did a capex and repair budgets and those are the numbers you got. Here is a simple repair budget. How much to do a turnover + the cost of service calls over a timespan. You have a vacancy factor of 5% so a turnover every 20 months. Plug in the cost to do a turnover. Assume $1500 to repaint and clean the unit. Add 1.5 repairs at $150 per service calls. $1750/20 months = $87.50 per month per unit. This already exceeds what you are saving. One item in a capex budget is floors. Go to your favorite flooring stores and ask what the commercial warranty. Most are 10 years or less, that is your lifespan. Don't know the size of your multi so assume 2000 sf of flooring. My area it costs $6 sf to replace flooring. $12000/120 months lifespan=$100 per month for 1 item. Means you cannot even replace the flooring when it needs it. Still have to find other money for roof, hvac, appliances, hot water heater, bathroom and kitchen remodels.

Loading replies...