Keywords: Logan Square / Wicker Park / Belmont Gardens / Chicago

Utilities are generally public and you can call them to get averages, taxes are public as well and can be pulled either from a assessor website or at their office, insurance companies can give you cash value and replacement value quotes by giving them an address, general rule for running calculations for vacancy is 5-10% of gross income, I have seen maintenance expenses all over the map (anywhere from $300-750 or a % of the rent - those vary depending on the number of doors in the deal as well as how much deferred maintenance has to be dealt with or how much rehab you are going to do to negate the deferred maintenance), contracted services, call a few landscapers and get quotes and use those for your analysis. 

In an apartment building, the landlord is responsible for the HVAC unit(s), roof, water heaters, toilets, exterior of the building, windows, common areas, landscaping, etc.

Hi Spencer,    I agree with Steve that insurance looks low and snow/landscaping really depends on the property.

All the window coverings are in, the yard is sodded & possibly landscaped, there is probably a sprinkler system & fence – all thing you may have to pay for separately with a new home.

Heres a place we’re looking at now:Year 1 (us living there)Purchase price: $510kLoan: $492,1503.5% down payment: $17,8501 unit income $1700Taxes: $500/monthInsurance $190/monthDebt Service: $2552.48PMI: $479.85Maintenance: $75Management $160 (we’ll collect this)Vacancy: $80 (5%)CapEx: $100Snow/Landscaping: $100We’ll pay $2388/month to live here taking into account collecting the management fee hereYear 2 or 3.

If you have average income you got to pay but if you are a gardener they will subsidize schooling fees and meals.

Fresno High area is great to look in as well as Fig Garden which is just north of tower.  

HOA $255 monthly (covers water, outside landscaping and roof repairs).

Back then landscaping was an after thought.