Capex for MD, DC, VA

[Ken Wang]

Dear All, 

If we are looking at specific property type such as townhouse at range of 150k to 400k, and SFH at range 250k to 500k in MD, DC, or VA. What is the CapEx number you would put in? is $200/month a reasonable estimation?

Thanks all!

Ken

[Igor Avratiner]

For rentals I usually use 10% of the rent. Even if several years go by and you wind up spending less it's good to keep the money in reserve. It is a house and eventually things breakdown. In the past I have also used a flat per unit figure, for example 800 per unit per year. You may want to consider the age of the property and who will be living there.