SFR Maintence/Repair/CAPEX estimations
Hi All,
I'm looking at a few sfr properties in the midwest with cash flow potential and I'm having some trouble with the maintenance/repair/CAPEX numbers. Currently, I am budgeting the following:
Maintenance/Repair: 7% Gross Rent - 5%-7% seems to be standard for SFR properties?
CAPEX: 180/month (2160/yr) - because its slightly higher than the BP book recommendation
It may be important to note that these investments would be turnkey
Do these numbers make sense or are they too liberal? too conservative? I would really like your insight. Thank you!