[Calc Review] Help me analyze this deal

[Neil Metzger]

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

[Joel O'Leary]

Hey Neil,

Anything specific within the numbers you'd like help with?

A couple things that stood out to me:

- Current county tax value shows $362k. Is your monthly tax payment based on today's tax assessment or tomorrow's tax assessment? Just asking because some counties will increase the taxes after you buy the property. A higher assessment will increase your monthly tax payment.

- Are you moving into one of the units? I ask because I'm unaware of banks that allow 10% down for a rental property, so if you're shooting for primary residence loan, you'll have to remove one of the tenants and the associated rental income from that unit.

- Built in 1838 scares me personally, maybe you want higher maintenance numbers? Did the 2017 renovation include structural stuff or was it mostly cosmetic within the units? Just curious.

- Why is the ARV set at $625k? I don't see anything budgeted for future repairs/renos.

- Just curious if your monthly expenses include property management, yard maintenance, and anything that the tenants don't cover (check the current leases to make sure heating/cooling/water etc is all paid by tenants).

Good luck and let us know if you have any specific questions.

Joel