Don't forget vacancy, maintenance, special assessment savings ( and/or Cap Ex.)

(My ex wife is from China, so one time, we decide that she wants me to go to China and I decided instead of working, I go to school and get my MBA) I can speak in Chinese.

. $804.03 PITI $41.67 Sewer bill $146.50 Property Management (self) $146.50 Cap Ex $73.25 Vacancy Rate+$58.60 Utility/Misc$1,270.55- NOI-$1,465- monthly rent$194.45 Net Profit Income per month x 12 months = $2,333.40 Annual Net Profit IncomeTotal Deal Appreciation: $14,000- (38.25%) ARV was $101,000 Depreciation: $2,345.45- (6.3%) Amortization: $984.58- (2.68%) 1st year loan pay down Cash Flow: $2,333.40- (6.64%)*Property Management: $1,758- (5%) I self managehad script issues with bp website, could not rotate pics.     

I average $500/unit in cash flow (each 4 unit building gives me between $2000-3000/month in cash flow after paying mortgage, taxes, insurance, maintenance, utilities, cap-ex reserve).

I usually use 5% as a rough estimate for cap ex, and 8% for vacancy.Best of luck to you!

What I like about this deal is, the major cap ex's have been handled, and there is still meat on the bone to increase the cash flow by filling the vacancies.

I would bump up maintenance and cap ex to AT LEAST 10% each, more if want margin of safety.

For ex: a wholesale in GA while picking up a turnkey for myself in VA. 

He is an ex KW agent.

Vacancy, property management, maintenence/repairs, cap ex, and any neighborhood association fees are the main ones I'm thinking of.