Jacksonville, FL Deal Analysis - Quadplex all 1/1 units

[Josh Pitts]

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

[Jaysen Medhurst]

@Josh Pitts, while the numbers look good, use caution. This is not a good area. That's easy enough to tell from the photo, Google StreetView, and the Trulia crime map. Not sure if you adjusted your number accordingly, but your pro forma expenses are very high compared to my standard numbers.

Here's what I usually use:

• Vacancy: 8%
• CapEx & Repairs: 15% combined
• Management: 10%

In your analysis, there is no budget for initial repairs. Based on the area and that the listing says "AS-IS," there will definitely be things that need to be addressed. You should include something in your expenses for water/sewer and lawn care.

The sales history looks very weird. Sold in Nov. 2016 for $45k, then a month later for $99k? Now they want $135k. Has Jacksonville, this area specifically, appreciated that much?