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Updated about 6 years ago on . Most recent reply
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[Calc Review] Help me analyze this deal
*This link comes directly from our calculators, based on information input by the member who posted.
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Hi, @Shaun M Skeffington, a few things here:
- Your repairs and CapEx are way too low. I figure 7.5% for each.
- Vacancy looks too low, but that's super local.
- You should include management (10%) even if you plan to self manage.
- Are there any utilities you'll have to cover? Common-area lights or water/sewer?
- What makes you think you'll be able to increase the value by $15k with $10k of work?
- Do you plan to owner-occupy? You've figured 10% down, but most banks want 25%, if it's a pure investment property.