[Calc Review] First Investment Mulitfamily Purchase

[Mark McNaughton]

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

This is my second post on the site and first after upgrading to pro. I've only used the rental calculator 5 times and have a basic knowledge of most of the terms contained therein. OK, cut to the chase. This deal meets all of the metrics that I've come across in evaluating potential properties after my 1 week of investment education. I simply refuse to believe that since 99% of properties are not going to work, that I found a 1%er in my first 5 go's. I realize that there could be a number of details absent from the listing that could tarnish this deal's luster. "As-is" verbiage from the listing leads me to believe that some type of repairs would need to be accomplished though there are current tenants with rental agreements that extend for another year. My $10k estimate for repairs is not based on anything at the moment. The absence of actual square footage makes it difficult to check to see if the rental prices listed are accurate. I'm also not sure what the listing means when it says the property is "zoned as a triplex". If it were not, would that mean additional fees for having it zoned as such? Aside from some of these issues is there anything in the numbers that doesn't look right?

Also unrelated: is there any way to account for high vs. low turnover rates in the calculator? In other words accounting for the increased cost of advertising during a vacancy or do you just have to manually inflate the property management fees?