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Updated almost 7 years ago on . Most recent reply

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Craig Rider
  • New to Real Estate
  • Provo, UT
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[Calc Review] Help me analyze this deal

Craig Rider
  • New to Real Estate
  • Provo, UT
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Most Popular Reply

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John Leavelle
  • Investor
  • La Vernia, TX
864
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1,405
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John Leavelle
  • Investor
  • La Vernia, TX
Replied

Howdy @Craig Rider

From an over all view the calculations and analysis is correct.

Here are a few comments.

1. Let us know the type of property (SFR or Multi family) it is. This makes a difference in what we look for. Although, I see in your Cash Flow Income it shows A $1200 and B $1200. Which would indicate a Duplex. It helps if you clearly state it in your Post text or Report Description.

2. Be sure of the ARV. Don't just make it up. All other costs can be affected by it.

3.  This is a multi family (2-4 units) you may be required to put 25%-30% Down.

4.  You show the costs of several utilities.  Are they not separately metered?  You should state one way or the other.  If billed to the owner, you need to look into the possibility of charge back to tenants.

5.  For Vacancy reserves I never go below 8.34% (one month rent - $2401 annual) for analysis and budgeting.  If the actual amount ends up less (5% - $1400) then you made more money than expected.  However, if you have the property vacant for a full month with only 5% saved.  Ouch!!  That’s $1000 you did not plan for.

6.  The rest of your expenses look good.

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