All Forum Posts by: William Hughes

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


Hi. This property is located between the Lower Greenville and Old East Dallas neighborhoods of Dallas, TX, zip code 75206. It is a new construction consisting of 5 attached townhomes. Each unit is approximately 1405 square feet with 2 bd/2.5 ba. Financing is 50% down with a 5% interest rate. Are my estimated expenses accurate? Am I under or over-estimating certain items? Any advice is appreciated.

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


Hi. This property is located between the Lower Greenville and Old East Dallas neighborhoods of Dallas, TX, zip code 75206. It is a new construction consisting of 5 attached townhomes. Each unit is approximately 1405 square feet with 2 bd/2.5 ba. Financing is 50% down with a 5% interest rate. Are my estimated expenses accurate? Am I under or over-estimating certain items? Any advice is appreciated.

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

Hi. This property is located between the Lower Greenville and Old East Dallas neighborhoods of Dallas, TX, zip code 75206. It is a new construction consisting of 5 attached townhomes. Each unit is approximately 1405 square feet with 2 bd/2.5 ba. Financing is 50% down with a 5% interest rate. Are my estimated expenses accurate? Am I under or over-estimating certain items? Any advice is appreciated.

View report

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

Hi. This property is located between the Lower Greenville and Old East Dallas neighborhoods of Dallas, TX, zip code 75206. It is a new construction consisting of 5 attached townhomes. Each unit is approximately 1405 square feet with 2 bd/2.5 ba. Financing is 50% down with a 5% interest rate (I have private funding). Do my numbers make sense? Any advice is appreciated.

@John Dean Thanks again for the input.

@John Dean Do you have any advice on how one might begin defining such a process?

@John Dean I appreciate your advice! Thank you.

Hi. The rule of thumb for estimating CAPEX and Repairs/Maintenance is from 5-15% of monthly rent. Does this rule of thumb hold up for larger multifamily properties (above 4plex)? For example, would a 10-unit apartment complex still have CAPEX and Repair/Maintenance costs of 5-15%, or would it be a lower percentage due to scaling of costs over more units? Any advice is appreciated. Thanks!

@Austin Sine @Kenneth McKeown   Thanks so much for the info!

Hi,

There's a lot of new MFH construction in the area, with many old homes being sold for tear-down value. There's a good mix of old and new MFH's. I know that there is a $2.5 billion mixed use development (The Central by JPI) in the works off 999 N. Carroll Ave. 

I have three questions:

1) What else (if anything) is driving this new construction?

2) Is this area worth considering for a MFH investment (based on a criteria of 5% COCR, purchase price of $500k-$2 mil), or are there better areas to consider?

3) How can I learn more about this particular area to understand it better?

Any advice is appreciated.