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Updated over 5 years ago on . Most recent reply
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[Calc Review] Help me analyze this deal
*This link comes directly from our calculators, based on information input by the member who posted.
Most Popular Reply
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Hey @Timothy Busse, I'm curious about a few things with your analysis...
For your closing costs, how are you getting $2000? I have read different things about this, and I've seen recommendations of 6-7% of the loan.
For your Property Management costs, I've seen people generally recommend 10%. Do you have a PM lined up that'll give you 7%?
Also, for your rents, are these around the avg/median for the area and comparable properties? If they're lower, there may be opportunity down the road for a greater return through rent increases.