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All Forum Posts by: Account Closed

Account Closed has started 2 posts and replied 3 times.

Post: Analyzing my 1st deal, am I being too conservative?

Account ClosedPosted
  • Louisville , KY
  • Posts 3
  • Votes 1

Thanks guys!  Yes, the market has been better than this lately, I am passing!

Post: Analyzing my 1st deal, am I being too conservative?

Account ClosedPosted
  • Louisville , KY
  • Posts 3
  • Votes 1

First post!  I am analyzing my first property in Louisville, KY. It is a triplex.

Here are the numbers I am getting. It looks like CoC of just 4%, but am I missing something?

The numbers are the "actuals" (per sellers agent), but the maintenance/CapEx(10%), vacancy(5%) are estimates.

The property is in an up and coming area that is revitalizing. The building has already been updated.

Am I being too conservative on these? It doesn’t feel like I am.

Price 175000
Gross rent 26100
Insurance  3156
Taxes 2535.96
CapEx + Maint (10%) 2610
Vacantcy (5%) 1305
Utils 6300
Mgmt 1827
Yearly Expenses 17733.96
Yearly Net 8366.04
CoC Return (no debt) 0.0478059428571429
Debt service 11700
CoC + Debt -0.095256
Rent per door -92.61

Post: First deal analysis in Louisville, KY

Account ClosedPosted
  • Louisville , KY
  • Posts 3
  • Votes 1

First post!  I am analyzing my first property in Louisville, KY. It is a triplex.

Here are the numbers I am getting. It looks like CoC of just 4%, but am I missing something?

The numbers are the "actuals" (per sellers agent), but the maintenance/CapEx(10%), vacancy(5%) are estimates.

The property is in an up and coming area that is revitalizing. The building has already been updated.

Am I being too conservative on these? It doesn’t feel like I am.

Price 175000
Gross rent 26100
Insurance  3156
Taxes 2535.96
CapEx + Maint (10%) 2610
Vacantcy (5%) 1305
Utils 6300
Mgmt 1827
Yearly Expenses 17733.96
Yearly Net 8366.04
CoC Return (no debt) 0.0478059428571429
Debt service 11700
CoC + Debt -0.095256
Rent per door -92.61