We need some opinions on our calculations as well as if there are better formulas/rules you use to analyze your deals and calculate cash flow: Purchase price: $265kDown payment: 5%Interest rate: 3% (fixed rate conventional loan) Renovations: 6k Estimated current value: 335kCash flow numbers:Mortgage/insurance/tax: $1,249.86Landlord insurance(estimated with our homeowners policy): $15.83HOA: $148RENT: $1,550- Cash flow without using any formulas or calculating repairs: $136.31- Cash flow applying 50% rule: -$286- it doesn’t meet the 1% rule HOA covers pretty much everything outside the home so, maintenance costs would also be less(big ones would be HVAC, water heater, and appliances).

We need some opinions on our calculations as well as if there are better formulas/rules you use to analyze your deals and calculate cash flow: - Purchase price: $265k- Down payment: 5%- Interest rate: 3% (fixed rate conventional loan) - Renovations: 6k - Estimated current value: 335kCash flow numbers:- Mortgage/insurance/tax: $1,249.86- Landlord insurance(estimated with our homeowners policy): $15.83- HOA: $148RENT: $1,550- Cash flow without using any formulas or calculating repairs: $136.31- Cash flow applying 50% rule: -$286- it doesn’t meet the 1% rule HOA covers pretty much everything outside the home so, maintenance costs would also be less(big ones would be HVAC, water heater, and appliances).

Available appliances are limited so don't wait until the last minute on those. 

The property was built in 2004 and the only major capital expenditures to already happen are siding replacement, paint, and a couple appliances. 

We re-stained the hardwood floors, all new stainless appliances, new roof, windows , and doors.

It needs new flooring (mostly good subfloors with a couple of patches needed), new paneling/sheetrock vs painting existing paneling, kitchen cabinetry, appliances, hvac, and paint inside and out.

The kitchen would need new flooring, cabinets, appliances, paint.

Small appliances like a crock pot, etc.

Also, I frequent the HD & Lowe's in New Braunfels looking at discounted appliances and don't recall seeing too many gas ranges discounted. 

We got used appliances that looked almost new.