Updated over 2 years ago on . Most recent reply

Rental Calculator - Numbers to Use for Maintenance, Vacancy, etc. (Columbus, OH)
I am starting out in the real estate investing world, and am running the numbers for some listings in B and C+ neighborhoods in the Columbus, OH market.
For the rental calculator, I assumed:
Maintenance and repair = 5% of rent
Vacancy = 5% of rent
Capex = 5% of rent
Management fee = 8% of rent
Leasing fee = approximately 8% of rent (assuming typical lease lasts 12 months and leasing agent / property manager charges 100% of first month rent)
Closing cost = 1.5% of home purchase price
Are these realistic assumptions to make, in particular in B and C+ neighborhoods in the Columbus, OH market? Any insight is much appreciated.
Thanks all!