[Calc Review] Help me analyze this deal

[Gabriel Garcia]

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

Property is a new build with one yr warranty on construction. HOA covers maint on common areas but would be responsible for grass cutting, water, sewage etc hence the "other expenses" number on the spreadsheet. I normally would like to see a higher COCROI but it meets the 50% rule and not as bad cash flow. Due to the area where im at the county did not want to put separate meters for each individual unit for whatever reason. Management has other units in the area and said the water figure is comms to the other units she manages. There is also a 300 management transfer fee which she is willing pay half. These units are vacant as of now but does not seem like it would take long to get rented out as they were just finished a couple of weeks ago. They are in an up and coming area of town as well. I normally would average about 8% on on criteria but lowered it to 5% considering they are new builds. I feel a bit nervous as i dont think we have felt the full affects due Covid and trying to be some what cautious when running my numbers but not overly where no deal would work. I appreciate any feedback. Thank you all for your time