Updated over 8 years ago on . Most recent reply
Turnkey SFH Operating Expense Estimates
I am looking at turnkey (new/newer construction) in Dallas and/or Jacksonville for long term hold to give to my kids. Based on members actual experience would I be safe to assume in my pro forma:
Rent to value ratio: .85%
10% vacancy
10% repair/capex reserve
10% management fee
Annual rent increases: 1%
Property tax, insurance and appreciation are not part of this discussion as those would depend on the specific market. I want to make sure I am conservative and would appreciate any feedback whether good or bad from actual turnkey investors.