First time - Seeing if my analysis is correct

[Account Closed]

Just looking for feedback to make sure I’m not missing anything - I will be house hacking my first place by living on the top 2 floors and renting out the basement suite, these calculations are for after one year I’ll be moving out and renting out the top 2 floors as well & repeating this process into a new home next year. I live in Alberta, Canada fyi. Thanks!

Purchase Price: $370k

Down Payment: $18.5k (5%)
Mortgage: $1960 ($980 BW)

Total Rent: $4350 (1700 bottom 2650 top)

Property Manager: $435 (10% rent)

Cap Ex / Vacancy: $435 (10% rent)

Property Tax: $180/m

Rent - Total Expenses = Cash flow 

$4350 - $3010 = $1340/m

Anything missing? 

[Stevo Sun]

Quote from @Account Closed:

Just looking for feedback to make sure I’m not missing anything - I will be house hacking my first place by living on the top 2 floors and renting out the basement suite, these calculations are for after one year I’ll be moving out and renting out the top 2 floors as well & repeating this process into a new home next year. I live in Alberta, Canada fyi. Thanks!

Purchase Price: $370k

Down Payment: $18.5k (5%)
Mortgage: $1960 ($980 BW)

Total Rent: $4350 (1700 bottom 2650 top)

Property Manager: $435 (10% rent)

Cap Ex / Vacancy: $435 (10% rent)

Property Tax: $180/m

Rent - Total Expenses = Cash flow 

$4350 - $3010 = $1340/m

Anything missing? 

 Assuming this property exist, I think you might be missing some potential things like insurance, utilities, hoa, etc. I assume some of those will apply.