Found on the MLS in Phoenix

[Jon Sutton]

It seems foreign that you're supposed to be able to find deals on MLS, which makes me think I'm missing something here: https://www.biggerpockets.com/analysis/rentals/d8b0ee91-b375-497c-89ed-63e39e429dcd. 

I'm able to find 1-2 deals a day similar to this.  

I budgeted 10% each for maintenance, vacancy, and capex - which seems like it might even be a little conservative.  I plan to self manage and have tenants pay all utilities.

$347/mo in cashflow, 8.5% COC isn't incredible, but it's a fine base hit - right?

[Jon Sutton]

Thanks for the feedback, folks!

I got taxes from the listings on MLS, so those should be correct. I'm making informed guesses on insurance based on my own primary residence insurance rates plus some "non-primary residence cost inflation."

Phoenix is definitely a bit of an appreciation play so cashflowing at 8% is good enough to let me ride that wave. Appreciate the feedback!