[Calc Review] Help me analyze this deal

[Jami Krietzman]

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This will be our first duplex and first property since deciding to go into real estate.   We tried to do what Brandon Turner showed in the videos. We lowered the price 20K to make it a better acquisition.  The only thing that we didn't like was that there wasn't pictures of the inside.  This would be a long distance rental.  We would greatly appreciate your assistance in letting us know if this is worthwhile, but also what we should be looking out for.  

We have bought personal residences before, but this is different.  It is hard not to choose the kind of homes that we would personally want to live in.

Any comments and assistance would be greatly appreciated.

Health, Happiness & Blessings!

Bill & Jami Krietzman

[Blake Denman]

Nothing really jumps out as being incorrect on this, but I'm new as well.  I'd just ask what condition the property is - if it's not turnkey then the 5% for capex, maintenance may be too low (and I agree with Cade that vacancy should be bumped up a bit too) - 8% is where I'd start with those three, being as conservative as I am.

Who is paying utilities and associated costs?  Will you have tenants pay water, sewer, garbage, electric, etc?  If not, that will eat into your profits.

Also, closing costs seem low unless the seller is paying some of them or you're an agent (or this is off market).  Again, unless it's great condition turnkey the $3000 repair cost may be a little low too.

Those things considered, see if you still have a good COC, if so then it looks pretty good.