You are not going to get away with that in most rentals.

That said I decided it might be a good time to Stress Test my real estate portfolio, before I went on another expansion/acquisition round in a new market.

I am rounding to make it simplerGross income $158,000Expenses------------------Insurance        $11,500Office                $400Collections       $550Cable               $2870Property Tax   $7800Repairs/maint $12,800The expenses look a little low, but the owner is managing himself. 

They'd get frustrated not finding anything worthwhile their first few go rounds and disappear.  

2 words: lottery tickets. 

The second is derived from the calculator using the stated NOI ($38,121) dividend by the Purchase Cap Rate (rounded to 9%) which gives you a Cap Rate based value ($423,566.67).3.  

Depending on the condition and the level of rehab, you might get away with 8% on maintenance if you are lucky. 

This is a big ticket item, on the order of $20,000 and up for the sort of full-on replacement you see listed here.

I have rounded up a few investors and we'd like to purchase Multifamily Properties in Cleveland or Jacksonville.

Currently focused on wholesale deals in South and East Austin, Cedar Park, Round Rock, ect.