[Calc Review] Help me analyze this deal

[Rick Sepulveda]

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

This home is ready to go.  I looked average Fair Market rental rates for section 8 and used the average for a 3 bedroom home.  This would be my first deal and am really just looking to get started.  I am a real estate agent in Tucson, AZ.  Looking for feedback.  Thanks in advance.

[Tim Herman]

@Rick Sepulveda where are you getting your numbers? Taxes on a 200 k property of less than $80 per month maybe $200 per. Insurance of $8 per month maybe $60-$80 per month. What is included in your capex budget? Mine includes roof, floors, hvac, appliances, hot water heater, exterior paint or siding, etc. All of those have lifespans. My minimum is 10% You will be closer to the 50% rule of cash flow. Maybe a little better since you aren't using property management.