Property Manager · Katy, TX · Member since 2015 · 1k+ posts · 1k+ votes
5y
Hey Gabe,
Brandon wrote a great post that CapEx is about $180/mo if you hold the property long term. We budget $200/mo to be safe and have found this to be a solid estimate. See below for the chart from Brandon's post which I've updated based on our local prices.
Capital Expense
Total Replacement Cost
Lifespan (years)
Cost per Year
Cost per Month
Paint
$3,500
5
$700
$58.33
Cabinets/Counters
$4,000
20
$200
$16.67
All Appliances
$2,000
10
$200
$16.67
Components (garage door, etc.)
$2,000
10
$200
$16.67
Landscaping
$1,000
5
$200
$16.67
HVAC
$3,500
20
$175
$14.58
Flooring
$5,000
30
$167
$13.89
Roof
$5,000
35
$143
$11.90
Structure (foundation, framing)
$5,000
50
$100
$8.33
Plumbing
$3,000
30
$100
$8.33
Windows
$5,000
50
$100
$8.33
Water Heater
$1,000
15
$67
$5.56
Driveway/Parking Lot
$2,500
50
$50
$4.17
With a new build, you're obviously starting at the beginning of the useful life on everything so I would remove cabinets, HVAC, flooring, roof, structure, plumbing, windows, water heater and driveway. Now, if you plan to hold it for over 30 years then I would add those items back in.