[Calc Review] Help me analyze this deal

[Valerie Winrow]

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[Jaysen Medhurst]

@Valerie Winrow, I'm no Section 8 expert, but I believe some require that the landlord covers utilities. I'd double confirm that the tenant is responsible for gas, electric, water/sewer, lawn care, and snow removal (it snows in Kansas, right?).

• Vacancy is probably low. I usually figure 8%, but with a solid Section 8 tenant, they may stay for years and years. 
• I would bump CapEx and Repairs to 15% combined.
• Since this isn't owner-occupied, you'll most likely need to put down 20-25%. 
• our interest rate isn't going to be that low. Probably closer to 4.5%. Check with some local banks / credit unions.
• There will definitely be some closing costs. Again, check with the bank, but probably ~$4k.

Might still be a winner, but you need to re-run your numbers.