I am interested in finding out what everyone is looking for these days in their criteria. I'm interested in comparing to my own criteria and seeing where I land among other investors. Obviously markets vary, however some metrics are transferable.
$50K - 225K Purchase
$100K - $250K ARV
1000 - 2000 sqft. (Prefer 1350 - 1800)
Built after 1980
I account for the following:
Property Management: 10% of rents
CapEx: 10% of rents
Repairs/Maintenance: 5% of Rents
Vacancy: 5% of Rents
Target Monthly Cashflow: $200/month
Target monthly rents: >0.9%
Debt Service Coverage: >=1.50
I look forward to your feedback!