Please Review my Rental Analysis!

[Michael M.]

Hey BP Fam!

So this is another one I'm going to be submitting an offer on for my first out of state investment in Columbus, Ohio so here are the numbers!

Info on property: From listing photos, it appears to be very renovated on the inside. 

Closing cost = assumed 4%

Vacancy = county average of 6%
Property Tax Pulled from Redfin tax history report section. 

 Rents = Confirmed with agent the values 

Any advise / comments are much appreciated!

	Bd / Ba
Unit 1	3	2
Unit 2	2	1
Unit 3	-	-
Unit 4	-	-
Asking Price	$ 173,000.00		Down Payment	25%
Actual Purchase Price	$ 133,000.00		Loan Amount	$ 99,750.00
Closing Cost	$ 5,320.00		Interest Rate	5.125%
Annual Property Tax	$ 2,500.00		Duration of Loan (years)	30
After Repair Value	$ 133,000.00		Monthly Payment	($543.13)
Estimated Repairs	$ 5,000.00
Total Cash Required	$ 43,570.00
Property Tax	$ (208.33)		NOI	$ 480.54
Water	$ -		GRM	6.157
Vacancy	$ (108.00)	6%	Cap Rate	4.34%
Maintenance Expenses	$ (108.00)	6%	COC	13.24%
PM Fee	$ (144.00)	8%
Cap Exp	$ (108.00)	6%	Unit 1	$ 850.00
HOA	$ -		Unit 2	$ 950.00
Insurance	$ (100.00)		Unit 3	$ -
P&I	$ (543.13)		Unit 4	$ -
Total Monthly Expenses	$ (1,319.46)		Projected Monthly Rent	$ 1,800.00

[Michael M.]

@Sarah Wheeler Thanks Sarah, hopefully we will be in contact with each other very soon!