First time invest projection model - Looking for feedback Please!

[Spencer R.]

Hi, I attempted my first model for buying a 6 bedroom in Worcester MA.  Pricing and rent prices are based on what I could gauge based on the current market there.  This theoretical 6-bedroom would be a 2-family home that is in solid shape but may benefit from a few one time renovations.  

Any feedback is much appreciated! Thanks in advance

[Steve Bracero]

@Spencer R.

First, is is your tenant class where you can rent by the bedroom? 

So you are essentially looking at 1500 a unit for a 3bd- 

1200 a year for insurance seems low, to be honest- unless you got a quote for this prop 

2160 a year seems low for taxes 

1200 for lawn/snow a year is high... this winter was bad, and it also depends on if you have a driveway etc or just street parking 

Closing costs- you can get a good faith estimate from your lender- they may be a bit higher 

Also, you want to consider if you would be inheriting tenants.. or if they are way below market rent,