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Updated almost 4 years ago on . Most recent reply
[Calc Review] Help me analyze this deal - Single Family Rental
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I have SFR under contract. This will be the first in my portfolio. This is a new animal for me. Can yall take a look and see what yall think of this new venture? There is a potential to raise rents and tenant is already in place.
My plan is to BRRR.
Alan
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#3 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
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#3 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
@Alan Walker, just be sure to account for Capex items. Depending on the condition of things, and the tenants you install, that $70/month in maintenance may not even cover the turnover costs, which for me on a light turnover, can still be $1500. Carpets, paint touch ups, normally a couple small repairs all add up pretty quickly. And if it is normal wear and tear, you cannot hold back security deposit to cover them.