I also agree with the pp regarding asking property managers what rent they’d estimate for each side, as well as the demand and vacancy rate.  

@Levi Edgy that gross cash flow is way too low for the estimated expenses as well as cap ex.

We have a flip property that we close on this Friday.ARV (by Subject To Repair Appraisal) = $440KPurchase Price = $230KRepair Estimate = $100K We have secured private money to take the property down @ 10% and no points, but this is the first time that we have used this investor and when we met him and his wife for lunch today, he asked if we would be supplying the cash for the repairs.  

My repair estimate number ($28,000) was completely arbitrary, assuming that the house didn’t need any extreme repairs.

Current balance is $75K with estimated home value of $250K.

So numbers wise:156k purchase price244k current value but I was told because of proximity to downtown more like 250k1030.00 mortgage subject to change if not primary household1560.00 estimated monthly rent12k new roof and split a/c units3 bed 2 bath 1700 sq. ft. 

Right now, I'm not finding a lot of viable options based on asking prices + market/estimated rents using these numbers... experienced folks...thoughts?

I tested them and they were about 3-5% below realtors net estimate, but that’s an estimate versus a cash offer.

I have been estimating putting 5% towards vacancy funds, but that was before he decided to do all cash.

Hey All,I'm new to real estate investing and still trying to learn how to accurately estimate expenses prior to reaching out to a realtor.