Buying package of 20 SFR - have we missed something?

[Yoni Rozenstein]

Greetings all.

We about to close (currently in the due diligence) deal of 20 SFR at the Metro Atlanta.

We have a bank loan for this deal of 70% LTV.

Here is our #'s , What do you think? have we missed something?

Property Information 

Total Cost of Project: $1,250,000.00

After Repair Value: $1,400,044.00

Down Payment:$410,000.00

Loan Amount: $840,000.00

Loan Interest Rate:4.5%

Income (before changing the rent rate) $14,650.00 , each SFR between 700-850$ mo.

Expenses

CapEX	219.75	1.0%
Insurance	565	4.0%
HOA	800	5.0%
Vacancy	1098.75	7.5%
Repairs	1098.75	7.5%
Mangment	1098.75	7.5%
Property Taxes	1415.42	10.0%
P&I (Loan)	4887.85	33.0%
Total	11184.27

Monthly Cash Flow : $3465.73

COC: 10.17%