CapEx - Am I doing this right?

4 Replies

My wife an I just put an offer in on our first property, a singe family in Oklahoma City. To get an accurate (probably high) estimate of the per month capex costs over the twenty year period that we plan to hold the property I went through everything in the house (using @J Scott book) that will likely need to be replaced one or more times prior to reselling the home. I then divided that number by 240 months and used that to create the percentage that I entered in to the BP rental analysis calculator. 

Am I missing anything?

@Deborah Burian thanks for the input!

These are the cap ex costs that I came up with for a brick 800 square foot 2/1 SFR that I put an offer on this week. The expenses are over 20 years and are adjusted for inflation in the rental properties calculator.

  • Roof- current is two years old, figure one replacement- $5,000
  • Gutters- one replacement- $480
  • Soffit/ Fascia- one replacement- $480
  • Exterior paint- $900
  • Water Heater- $500
  • HVAC- $2000
  • Doors- $300
  • Windows- $1200
  • Interior Paint- $4,050
  • Cabinets- $1,300
  • Counter tops- $400
  • Flooring- $4,000
  • Fridges- $800
  • Ranges- $800
  • Dishwasher- $500
  • Washer/Dryer- $1000

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