Help with analysis of a hypothetical MF-Buy-Renovate- Rent deal

[Bryan Yokoyama]

First time newbie using the PB BRRR tools to run some numbers on a hypothetical property deal.

I did this as I wanted to get some feed back from the more experienced members on PB

and also understand how the numbers relate to choosing a good deal over a bad deal. 

Property is an 8 bed 3 bath - 2 story Brick building built in 1880 with  total floor area of 3250 square feet on a 2500 square foot lot.

Asking price is $48,000 

Unit 1 & 2  - 3 bed 1 bath.   Rento meter  median rent = $1245 

Unit 3 - 2 bed 1 bath            median rent = $950 

I used an average rent of $850 per unit as a conservative estimate.

Property tax $3,206 PA  

Property/ units need cosmetic and minor renovations, budget = $20,000<$25,000.

Here are the Hypothetical numbers.