My short term return estimate relies heavy on return by the value add.  

Appreciate it greatly....I use a spreadsheet that is more detailed and provides more info to me than the BP calculator (which is good for sure). 

Feel free to shoot me over the details if you’ve like.Originally posted by @Deren Huang:Interested to see if there are any local self-storage investors here?

Rent estimated at $1850-$1950/month. 

Inspection came back and I estimate $15k repairs (which includes $5k for two trees to be removed hanging over the roof, and $5k for a back deck that is wood leading to concrete stairs - terrible construction).

At what point in a renovation would you have the electrician, for example, giving the estimate?

If you are concerned about someone overseeing the project (super) or making sure your pricing is right (estimator) then you can hire those things out; like a GC does.

We really don't feel comfortable even making an offer until we have an inspection and estimate reno cost.

Further details ...I currently live in California but hold 3 properties in Indianapolis. 

Download PDF Edit Report Discuss in Forums Other Actions $1,500.00 Monthly Income $786.67 Monthly Expenses $713.33 Monthly Cashflow 12.53% Pro Forma Cap $10,024.00 NOI $18,480.00 Total Cash Needed 46.32% Cash on Cash ROI 18.26% Purchase Cap Rate Expenses Income 50% Rule Total operating expenses: $664.67 Mortgage expenses: $122.00 Vacancy: $75.00 Repairs: $75.00 CapEx: $75.00 Insurance: $150.00 Management: $150.00 P&I: $122.00 Property Taxes: $139.67 $54,900 Purchase Price Purchase Closing Costs $2,500.00 Estimated Repairs $5,000.00 Total Project Cost $62,400.00 After Repair Value $80,000.00 Down Payment $10,980.00 Loan Amount $43,920.00 Loan Points $0.00 Amortized Over 30 years Loan Interest Rate Monthly P&I $122.00 Total Cash Needed $18,480.00