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Updated over 6 years ago,

User Stats

399
Posts
222
Votes
David de Luna
  • Rental Property Investor
  • NorCal
222
Votes |
399
Posts

[Calc Review] Help me analyze this deal

David de Luna
  • Rental Property Investor
  • NorCal
Posted

View report

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

This duplex could be my first investment (besides my own home). Rent on each unit is $1350 but RentCafe and Rent-o-Meter say $1600. Friends rent nearby so that number is confirmed. Property is in great condition, all units renovated; Next to BART mass transit stop (nearly next door). Thus, the vacancy rate for this area is lower than 2%. I have rent increases annually at 7% a year to get to market rate by year 4. No rent control. Repairs/Maint and CapEx are 3% due to recent renovations. Prop tax, insurance, and MI are per loan officer and confirmed by my own research. Gas, electric, water, garbage all paid by tenants who are all month to month. I live down the street so I plan to self-manage. The property is well below market. I'm using property appreciation of 5% which I researched for my region. What do you think? Am I missing anything here?

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