[Calc Review] Help me analyze this deal

[Tak Ogihara]

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

Hello, first time user here. I have no idea what I'm doing here but I just filled out the questionnaire as truthfully and accurately as I can find the information. And I am so confused...with a purchase price at $75,000, how is this not cash positive? What am I doing wrong here...., please help. Thank you in advance.

[Tim Herman]

@Tak Ogihara you are paying utilities that are normally paid by tenants if it a single family house. Property taxes are high over 4.5% of purchase price. You have to season the loan 6 months before refi for a cash out refi. What is included in your capex budget. Mine has floors, roof, appliances, hot water, exterior paint, bath and kitchen remodel, etc. $50 per month won't cover my capex budget. Take floors: My area it is $6 sf to replace. Look at the commercial warranty. Most are 10 years. That is what I use as my lifespan. Assume you have 1000 sf of flooring. $6000/10 year life span/12 months in a year= $50 per month for 1 item. The rest will come out of your pocket. You won't get a loan without insurance. $50 to $75 per month. No PM charge 10% of gross rents.