Help Please, 1st Deal Buy & Hold Analysis

[Jennifer Ullrich]

Good morning, 

I currently have 2 properties that I'm looking at for my 1st deal, but when I put the #s into the BP rental property calculator, it looks like the cash flow is minimal or negative.  Am I doing this correctly?

Option 1- Zip Code 32763

Purchase Price- $105,900

Taxes $1,616/year

Rent- $950/month

Closing costs: $5,500 + $1500 attorneys fees

Expenses: 10% management fee, Insurance, 

Downpayment- 25% down $84675

Loan Interest- as myself 4.875, as an LLC 7.99 & 6 points on a 30 year fixed

I'm running into issues with estimating the following:

Vacancy- I've ready the lowest you should estimate in %, but 10 is recommended?

Repairs & maintenance- It's a turnkey property, so is 5% a good #?

Cap Expenditures- I'm so lost on this formula, any help is appreciated.

Calculated cashflow for me to take the loan out is $38.51

Obviously, if this is the real# it's not a good purchase, but can anyone assist with analyzing this deal from an expert's perspective please?   

Your help is very much appreciated.

Option 1- Zip Code 32738

Purchase Price- $112,900

Taxes $1,799/year

Rent- $1050/month

all the rest still apply from above.

Cash flow estimated at $5.48/month

Thanks in advance

Jen