Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

114
Posts
40
Votes
Chris Taylor
  • Cleveland, OH
40
Votes |
114
Posts

Four Unit Deal Analysis...ready... set... comment...

Chris Taylor
  • Cleveland, OH
Posted

View report

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

Most Popular Reply

User Stats

255
Posts
248
Votes
Jad Boudiab
  • Real Estate Broker
  • Cleveland, OH
248
Votes |
255
Posts
Jad Boudiab
  • Real Estate Broker
  • Cleveland, OH
Replied
Originally posted by @Chris Taylor:

View report

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

 Looked decent at a quick glance, but you're missing one big piece.

Property Management.

I recommend factoring in property management into your initial numbers even if you're planning on self-managing. Your time and involvement are important, and would cost you if you tried to hire it out someday.

You're also leaving out lawncare, the grass will need cut regularly and if the property is in Cleveland, I would estimate 18 cuts per year.

Garbage - is this part of city services or are you having to lease out a dumpster? If leasing, I would factor in $120 for something like a 4 yarder.

Add in these factors and see how your returns look, whether it still fits your investment profile. Building looks good in the picture.

Loading replies...