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Updated over 4 years ago,
Calc Review - Thoughts about insurance?
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%