[Calc Review] Help me analyze this deal

[Yousef Reda]

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[Jaysen Medhurst]

@Yousef Reda, overall it looks good. The difference between the U.S. and Canada explain most of my reservations.

I think you still need to figure for CapEx, even with a gut job. If you plan on holding this for a while 10+ years, you will have CapEx. When that's a $50k furnace and you spread the cost over the time you've held it...

My recommendation is to find a way to split out the electric, heat and hot water. I'm sure it will be a big bill, but you'll make your money back pretty quick by saving $3k/month. And just think, you're adding over $500k of value (assuming a 7% cap) by saving that money.