Analysis Review - Potential Rental Property - DFW

[Don Van Nguyen]

Hi, alright first deal. I ran a calculator and numbers are shown below, it so far check marks most of the items I am looking for in regards to property appreciation potential, location, strong rental numbers, school, crime, and other small checklist. I used a 1% for vacancy allowance as the rental is strong in this area, and 4% for repair allowance as it just got completely rehab. What do you experts or non experts think?? Thank you in advance for any input!

Assumptions: Lowest Appraisal Loan
INCOME AND RATE OF RETURN
Purchase Price	154,900.00
Loan Amount	123,920.00
Down Payment	30,980.00
Estimated Annnual Gross Rents	15,540.00
Estimated Annual Equity Paydown	1,700.18
Estimated Annual Principal & Interest	($8,350.19)
Estimated Annual Property Taxes	($3,000.00)
Estimated Annual Homeowners Insurance	($746.78)
Estimated Annual HOA Dues	$0.00
Estimated Annual Management Fees	($1,877.75)
Utility costs to be paid by landlord (if any) Annual	$0.00
Lawn mainteannce costs to be paid by landlord (if any) Annual	$0.00
Indirect Vacancy Allowance Annual ($)	($155.40)
Repair Allowance Annual ($)	($621.60)
Misc. bucket for costs per month Annual	($60.00)
Estimated Annual Net Expenses	($14,811.72)
SUMMARY OF RETURNS
Estimated Annual Gross Income	$2,428.46
Estimated Monthly Gross Income	$202.37
Estimated Annual Gross ROI	7.84%
ESTIMATE OF CASH FLOW
Loan Amount	123,920.00
Interest Rate	5.40%
Loan Term in Months	360
Estimated Principal & Interest	($695.85)
Estimated Monthly Taxes	($250.00)
Estimated Monthly Homeowners Insurance	($62.23)
Estimated Monthly HOA Dues	$0.00
Estimated Monthly - MISC	($69.75)
Estimated Monthly Management Fees	($156.48)
SUMMARY OF CASH FLOW
Estimated Monthly Gross Cash Flow	$60.69