Oregon Property Expense Eatimates for Analysis

[Cameron Hunt]

Morning All!

Wondering if any real estate veterans can help me hone in on expense estimate number for deal analysis. I know I will want to be more detailed than this, especially (I would imagine) on the capex side.

I’m just looking for starting numbers I should be using in my analysis. I’ve read that I should use the following assumptions:

5% vacancy

10% Prop Mgmt

10% Capex

10% Maintenance

Every deal I’ve looked at comes up with negative cash flow using these assumptions. So am I using the correct assumptions and just not finding deals? Or are my assumptions too high for this area. I am looking in the Willamette Valley (Salem to Eugene) as well as is in Central Oregon (Redmond-Bend-Sisters). Also in Kelso, WA.

Primary interest is 2-4 plex.

Thank you for any insight!