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Updated over 5 years ago on . Most recent reply

User Stats

9
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4
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Caymian Gordon
  • Irvine, CA
4
Votes |
9
Posts

[Calc Review] Help me analyze this deal

Caymian Gordon
  • Irvine, CA
Posted

View report

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

Most Popular Reply

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958
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1,137
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Tchaka Owen
  • Real Estate Agent
  • Merritt Island, FL
1,137
Votes |
958
Posts
Tchaka Owen
  • Real Estate Agent
  • Merritt Island, FL
Replied

@Caymian Gordon - the numbers seem pretty decent; I'd make the following tweaks:

1. Raise CapEx to 7%, not so much that this is critical but because you have repairs at 5% (likely due to the place being renovated). With vacancy also at 5%, you run the risk of not putting enough aside.

2. Is the property in FL? If so, insurance is fine. If it's in AZ, drop that in half. You shouldn't be out $1800/year in AZ.

3. Are property taxes that low? Seems extremely modest for a $220k home.

Hope this helps.

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