(Calc Review Saint Louis) I would love some help with numbers!

[Nicholas Balcom]

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

[Jennifer Donley]

@Nicholas Balcom, I agree with Jude generally - way too thin in my opinion.  For me, a multifamily needs at least $100 a door, more if it's only a duplex.

Some thoughts on the calcs though.

Rentometer says your average & median rents on 1/1s are around $530 a month so there's some room in the rents for increase long term.  You may be able to raise on the existing tenants to get there, maybe not.  If you have to move the existing out to get those numbers, it may not be worth the turnover costs.

I see that a bunch of utilities are included in your costs and I would inquire on whether those can be passed on to the tenants.  Again, depending on the lease and the setup of the property, whether everything is separately metered, etc., this may or may not be doable in the near term.  I pass all utilities on to my tenants.  In my multis, I pay for lawn care.

I think your insurance may be low but if you have a quote from an agent, maybe not. 

In general, I think 5% vacancy is very doable BUT it works much better when you have larger portfolio.  When you only have a few properties, the math doesn't really pan out and having 1 vacant is EXPENSIVE because it kills your cash flow and you don't have enough properties to spread out the vacancy costs.
Let me know if I can help further.