[Calc Review] Help me analyze this deal

[Scott Hawks]

Think this is a good first deal.  Just wanting input from others who have already done deals.

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Thanks

[Tim Herman]

@Scott Hawks way underestimating expenses. It costs almost as much in expenses for a $700er month rental as a $1000 per month rental. I like to use a minimum of $150 per month for repairs and capex. You are at $75. Look at floors in a capex budget. My area it is $6 sf to replace with a moderate lvp. Assume 1000 sf of flooring. 10 year life span. $6000/10 year life span/12 months in a year=$50 per month for 1 item. Still need to account for roof 25 year life span, appliances and hot water heater 12 year life span, hvac 20 year life span, bath and kitchen remodel 20 year life span, etc. You are using a vacancy factor 3%. That is the same as your tenant staying 33 1/3 months before a turnover. I use 8% or 1 turnover per month. You shouldn't have any expense for utilities. Pest control and garbage. Property taxes seem low< than 1% of purchase price.