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Kayla V.
  • Rental Property Investor
  • Denver, CO
43
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66
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How to Narrow the Options?

Kayla V.
  • Rental Property Investor
  • Denver, CO
Posted Dec 12 2016, 12:01

I'm looking to purchase a 2-4 unit property in NE Ohio (Akron/Cuyahoga Falls). I'm looking via Zillow/Realtor, but I'm finding multiple properties that look "good". They all meet ~1.5%, good cash on cash, ~$150+/door cash flow. How do you further narrow it down and make the right choice? I currently live in the area but I'm moving in 8 weeks, so I'd like to pull the trigger before then. 

(My assumptions when analyzing properties are:

Debt Service: 25% down, 5% loan for 30 years

Vacancy: 8% 

Property taxes: county assessor's site

Property Insurance: 0.3% of purchase price per year

Property Management: 10% of rent

CapEx: 5% of rent

Regular Maintenance: 1% of purchase price per year)

Thank you!

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