[Calc Review] Help me analyze this deal

[Andre Jernigan]

Over the past month or so I have been using the BP calculator in order to practice learning the basic concepts behind analyzing properties. I figured if I could learn the basics of how a difference in each metric changes cashflow, I would have a basis to know when I do come across a property that I could potentially make a great deal. I have come across a few properties that have appeared to be decent deals, however disregarded them as I had not thought about different ways to fund the property. I am eager to get started investing yet still have a little bit of capital to save in order to have an adequate amount for reserves after the purchase of my first rental property. I have included the analysis down below. As referenced in an earlier post, I was in a rush at the time and may have miscalculated or underestimated a few costs. As far as vacancy, CapEx, Property Management, and repairs I made them all 10% to be conservative just to try something out and found that the cashflow was still pretty good. As I stated, I feel like I have left a few costs short of what they should be and would love if you all would look over this and let me know what you think. I have a feeling that I may have missed something thus causing property looks far better than it actually is.

I look forward to hearing what you all have to say!

Thanks in advance!

View report

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