Newbie Needs Help With Numbers
Newbie here! I'm getting my butt kicked with this deal analyzer!
Do my numbers appear realistic? Any suggestions?
How do you calculate insurance?
Multi-unit property in great community of Fort Lauderdale, FL
8 Residential units 2 Bed / 1 Bath, fully remodeled.
2 Commercial space unit. Zoned for both.
- Total expenses$15,844
- Mortgage$3,055
- Taxes$2,542
- Insurance$1,300
- Variable expenses$7,897
- Fixed expenses$1,050
- Fixed expenses$1,050
- Water & sewer$800
- garbage$250
- Variable expenses$7,897
- Vacancy$1,755
- Maintenance$2,632
- CapEx$1,755
- Management fees$1,755
Monthly cash flow: $1,900 /mo
Income: $18,600 /mo
Expenses: $16,699 /mo
CoC ROI: 10.05%
Any insight would be greatly appreciated.