My First Analysis

[Chris Duzan]

Hey guys. Did my first analysis on a rental in my area yesterday and I wanted some people to take a look and tell me what they think.

If you're from the Columbia, SC area let me know if the property taxes and insurance seem pretty close to the norm. I got the taxes straight from their posting. I also counted for 5% vacancy, 5% for maintenance, and 5% for CapEx. Utilities are covered by the tenant and I even dropped under the supposed current rents just to be conservative. However, I'm assuming that I get the property for a 20% discount. I always hear Brandon talking about that in a lot of his posts and the property looks like it's been on there for 6 months, so here's hoping they're a motivated seller.

And I would love to hear anyone else's thoughts on it too, even if you're not from the area. 

Here's the listing...

http://www.zillow.com/homedetails/2020-Apple-Valle...

... and I've attached the report I created.

Thanks ahead of time and if you like the place go for it, I'm just working on analyzing properties right now.