[Calc Review] Help me analyze this deal In Prince George BC Canad

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  • Jaysen Medhurst
    Rental Property Investor · Greenwich, CT · Member since 2015 · 4k+ posts · 2k+ votes
    6y

    A few updates needed to your analysis, @Sol Yasin.

    • There will be some closing costs, unless you're rolling them into the loan?
    • Include a budget for initial repairs. There's always something!
    • Vacancy is very low. I use 8%.
    • Repairs and CapEx are low, too. 15% combined should be good.
    • Is that management number accurate for your area? Typically 10-12%, unless you have a pretty big portfolio.
    • What about water/sewer, lawn care, snow removal, and admin/professional costs.

    I bet you end up between $800-900/month cash flow, but that's still really solid!

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  • Sol Yasin
    OP
    Real Estate Agent · Vancouver, British Columbia · Member since 2015 · 39 posts · 6 votes
    6y
    Originally posted by @Jaysen Medhurst:

    A few updates needed to your analysis, @Sol Yasin.

    • There will be some closing costs, unless you're rolling them into the loan?
    • Include a budget for initial repairs. There's always something!
    • Vacancy is very low. I use 8%.
    • Repairs and CapEx are low, too. 15% combined should be good.
    • Is that management number accurate for your area? Typically 10-12%, unless you have a pretty big portfolio.
    • What about water/sewer, lawn care, snow removal, and admin/professional costs.

    I bet you end up between $800-900/month cash flow, but that's still really solid!

     Yeah I will update those numbers to more realistic. Thank you for the insights.

    0Reply
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