Double-checking numbers for first real estate deal [Calc Review]

[Brian Tran]

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

Usually in my area the tenant pays for the utilities. I'm being financed by a HML and HML is providing the rehab loan so I put 10k into the loan for rehab and 200 for fees. 900 is relative for the market in this area as well. I put 6% interest rate to define the refinance and I found a bank that does refinancing at 30 year terms.

Anything would be appreciated whether it's something I missed or confirming my calculations! 

Sincerely

Brian Tran

[Jaysen Medhurst]

@Brian Tran, I think you may be a little too optimistic about the price you can get this. Getting $25k off of ARV for a place that only needs $10k of work...

You're expenses are a little low: I'd bump CapEx and Repairs up to 7.5% each. Standard management fee is 10%. Insurance looks very high--have you received a quote from an agent?