Estimated fixed and variable costs for Indy

[Harit Nandani]

Fellow Indy investors and real estate professionals. I’d love to hear your insights on fixed and variable costs in long term rentals in the area. Here are my assumptions:

Fixed

Property tax - 2% of assessed home value

Insurance - $600-800 a year for SFR

Property management - 10% of monthly rent + lease up fee of 0.5-1 month of rent

Variable 

10% of monthly rent for maintenance 

10% capex (depends on a lot of factors, so just an estimate)

10% maintenance/repairs since houses tend to be a bit older.

How do these assumptions compare against your experience? Do tenants pay all utilities or are landlords responsible for any of them?