All Forum Posts by: Tyvan Albertson

I'm not sure how much of the analysis I can post without getting in trouble on here. I tried to post most of it in one of the posts above. They weren't hard numbers by any means, just estimating with Rentometer etc. 

I think the biggest thing that has kept me from taking the leap is fear of failure. Uncertainty has some to do with it. Fearing that I don't have enough knowledge to know what I'm doing. Telling myself the timing isn't right for "this, that and the other" going on in my life at the time. 

Purchase Price: $60,000.00

Purchase Closing Costs: $2,000.00

Estimated Repair Costs: $0.00

Total Cost of Project: $62,000.0

Down Payment: $12,000.00
Loan Amount: $48,000.00
Loan Points:
Loan Fees: $0.00
Amortized Over: 30 years
Loan Interest Rate: 3.500%
Monthly P&I: $215.54
Repairs and maint I went with 7% because even though it's remodeled, it's still an older home.

Vacancy-5%

Capital expen - 5%

Management fees 10%

Taxes were $92 per month

Insurance was $108 a month. I don't know for sure how accurate that is though.

All utilities paid by tenants. It is a 4bd 2ba house. According to Rentometer it should bring $1000 per month. Expenses came in at $685. 

When all this is put in, it comes out to 26.95% CoC return. $385 per month cash flow and like 1.61% using the 2% rule. The house looked to be a flip. It was all remodeled and looked all new or at the very least updated.

I wasn't sure if that was against the rules or not so I opted not to share any of the numbers. I guess technically since it's sold, it would no longer be a deal to worry about right?

Hello everyone! I'm still very new at this. Well, new as in I think I would be considered stuck in the analysis paralysis stage for going on a decade now. I haven't done my first deal. Anyway, I've been using the calculator tool to run the numbers on possible deals for rentals. I don't know if I'm not accounting for something or not accounting for enough. The properties I've been doing the numbers on are coming out to about an average of 20% CoC returns. They're mostly all just under the 2% rule. I'm pulling the rent estimates from Rentometer. I'm certain they have to be pretty good deals because almost all of the reports I've done numbers on in the last 10 days have already sold. Am I missing something? Could they all really be that good of deals? Am I just in a never ending cycle of over thinking all of this? Has anyone else gone through this? What did you do to overcome?