A few years ago, we studied vacancy costs for the three major tenant pool segments in Las Vegas.

General Market Research of City/ Area ( i.e. demographics, population trends, Crime, vacancy, expected rents per unit type, market values/trends, etc)- To ensure you are buying in a solid market 2.

Economic vacancy of 3% on top of the double rent is very lowPayroll of $14-15K is also low.

.- Scheduling repairs after closing has been tough as a result of the holidays & general lack of labor.Rough estimate of numbers (assuming 5% vacancy, $780/yr in repairs/maintenance, 10% PM fee, $480/yr insurance, $1227/yr property taxes):Current:Expected based on Rental increase to $670 (assuming tenant accepts increase, rental increase would be starting 02/01/2022):Expected if tenant decides to move due to Rent increase (PM company estimates it to be possible to rent at $725-750/mo; keep in mind this doesn't factor in costs to make rent-ready (if any), as well as the cost of getting a new tenant):

Rent Growth, appreciation, lower vacancies, higher demand. 

You need to factor in insurance, taxes, repairs, vacancy, etcYou may want to consider a refinance.best of luck

i am in the research phase on investing in a rental single or duplex, have 76k total for a down payment + closing cost etc.i am aiming for 8% cocr after all cost, i don't know the market as i am in north jersey and looking for a primary duplex here.here is what i am aiming for 5% capex 5% repairs 8% vacancy 10% PM, purchase price 325k max with financing 20 to 25% down turn key.would like an experienced investor/agent with many rentals for help and suggestions on whats a good investments.

In the end it seems like you will win in most cases if you account for appreciation, less headaches, easier to increase rents every years and less vacancy.

@David Tyrel might want to rework your numbers. 150% vacancy means you will be paying people not to live there.

Don't fret over a one month vacancy finding a new tenant.