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Questions on predictive numbers
I have used the website calculator to analyze the property, but I am struggling with the following questions:
Typical Cap Rate for your Area (%)? I do not understand what this is asking.
Struggling with predictive numbers…
Vacancy Rate. 3-10% suggested in calculator.
How do you estimate for vacancy?
How does one calculate vacancy %, say 2 months of vacancy over 3 years? 2/36=5.6% vacancy?
Repairs and Maintenance. 5-15% suggested in calculator.
I was planning on including a base amount each month for repairs. How much is reasonable?
For appliances, I figure out age, estimate time left to replace an factor in the cost for appliances.
Really struggling with future Assumptions. How do you predict these %?
Income increases per year?
Property value increases per year?
Expenses increases per year?