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Updated almost 5 years ago on . Most recent reply

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Kerrie Dare
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3
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Calc Review - Thoughts about insurance?

Kerrie Dare
Posted

Did my first analysis with an attempt at inputting actual expenses versus using 50% rule. This property has slab problems, hence the high repair budget. List at 185K, breakeven from a cashflow perspective around 150K, requires getting to around $115K for CF of around $100/month. About 140 days on the market. I think I get killed on the property taxes and insurance here (just did a sample quote through USAA). Poor Cash on Cash return.

Any additional feedback?

House listing: https://www.redfin.com/TX/New-Braunfels/1514-Devin-Dr-78130/home/33465564

Analysis:  https://dealcheck.io/s/-M5dZ6c...

Assumptions:

  • Vacancy: 5%
  • CapEx: 5%
  • Maintenance: 6%
  • Property Management: 8%

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