SFR Maintence/Repair/CAPEX estimations

[Eugene Lee]

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!