Need a little clarification on Deal Analysis.

[Jamie Silvers]

Ok I have tired to use the different spread sheets to plug my numbers in and it doesn't take into account a few things or so it seems.

I'm going to use my cheapest property to date for this example:

Purchase Price: $22,000

Repair cost (Upgrade): 2,000

Mortgaged : $24,000 (No out of pocket expense) 6.75% (Changing bankers to move all to property's to 4.75 here soon)

Value of the house is $45,000

Tax's per year are $550

Insurance per year is $540

Rent per month is $585.

When most figure in their Capex it seems to be higher then what mine need to be. This property has all new plumbing, Newer Hvac, all vinyl windows, vinyl siding, hard wood and tile floors, etc). My cost seem to be half of what I see other landlords paying for roofs, HVAC's etc.

So far on all my properties I have been under the 80% mark to finance the repairs and the mortgage with out any personal capital (Other then very short term when I pull that money out when we mortgage the property).

Are there errors to my ways?