[Calc Review] Help me analyze this deal

[Brad Haughton]

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

[Jaysen Medhurst]

@Brad Haughton, I took a look at your analysis. Here are my thoughts:

• What's being done for the $15k in repairs? You shouldn't expect that such a small amount will add any value.
• There will be closing costs. ~$4k or so, probably. Talk with your lender.
• The listing is weird. It says "Two-family home with 4 units." I would be sure to confirm with the city that this is a legal 4-family.
• Bump up Repairs and CapEx a bit to 15% combined.
• I usually figure 8% Vacancy for MFR.
• You've left out Management (10%). Always include Management in your underwriting, even if you plan to self-manage at first.
• On this Trulia listing, taxes are shown at $546/month. Confirm the number with the City.
• Is water/sewer individually metered? That's pretty rare. I would expect $30-40/unit/month.
• Insurance looks pretty low for a nearly $700k property. Talk with a local insurance agent.
• What about lawn care/snow removal and admin/professional fees?

My guess is that you just barely break even or maybe squeak out <$100/month.