[Calc Review] Help me analyze this deal. Just starting out.

[Kamaleiikaika Maxwell]

I live in Washington state and I am taking my first steps into renting a home and right now I'm learning the numbers and getting my analyzing reps in with the calculator. I found two other properties, but they were short of my minimum of 8%. I have a feeling I'm off with my math on this one. Am I using this tool properly? I'd hate to be doing it the wrong way..

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

[Jaysen Medhurst]

@Kamaleiikaika Maxwell, is this going to be a house hack or just a normal buy-and-hold rental. If this is a B&H, you need to change a number of your assumptions.

A few things to think about in your analysis:

• Loan fees and loan points are two different things. You have "$1" for loan points, but I think you actually mean the $1058 that's under loan fees.
• Always include a budget for initial repairs. There will be something!
• 5% Vacancy on a SFR is usually fine.
• You're forgetting CapEx. Put in 10%. As long as you're ~15% when combined with Repairs, you should be okay.
• Insurance might be a little low. Talk with a local insurance agent.