All Forum Posts by: Omer Husain

Hi @Ben Leybovich.  Here is the breakdown for OpEx:

Vacancy:  5% ($65)

Repairs and Maintenance:  10% ($130)

CapEx: 10% ($130)

HOA: $35

Insurance:  $125

Property Taxes:  $56

Btw I recently listened to your podcasts, and they're very inspirational!

Hello BP! If I end up purchasing this house, this will be my first investment property! I would like the experts to give their thoughts on this deal. SFH, 3/2, single story, built in 1982. This will be a buy and hold.

Purchase Price:  105K

Estimated Repairs:  3K (the house is basically move in ready)

ARV: 115K (according to the comps)

Down Payment:  20% (21K)

Closing Costs:  2.5K

Gross Monthly Rent:  $1300 (according to the comps)

Operating Expenses:  $541 (beats the 50% rule)

Mortgage:  $425

Cash Flow:  $334

CoC ROI: 15.10%

I know the purchase price is pretty close to the market value, but the cash flow and CoC ROI seems attractive. Property is located in the NW area of Houston. I did not factor in anything for property management since I will be managing it myself. Am I missing anything else as far as the numbers are concerned? Thoughts please?

Omer

Welcome to BP @Bill Pennington.  You've found a great place to learn about real estate and meet investors of all levels of experience.  Make sure to listen to the podcasts, since they contain tons of valuable information for all kinds of strategies within real estate investing.  Good luck!

Congrats @Denita Ozenne!  Do you care to share some details on where you found the property, how you found it, etc.  PM me if you would like to keep that info private! :)

Wow!  Remind me not to ask you for any recommendations @Jess Hewitt.