Updated over 5 years ago on . Most recent reply
Evaluating rentals criterias in Austin area
Hi there, I'm new to Austin SFH investments so not very familiar with the right values to put for projections. I'm mainly looking for long-term appreciation (5-10 years hold) and OK with some negative cashflow in order to get long term appreciation. Can the more experienced members help checkout if some of my preset and rent/appreciation assumptions are reasonable?
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Make ready needs to be higher. I haven’t gotten away with make ready being less than 1500 because of painting alone! Also interest rates seem too low, but I’ve not needed to take a loan for my investment properties so I can’t tell you. Only one of my properties has a loan and it’s in the 4.25 range I think. I can’t remember. And that was with 30% down. Management fee needs to be 10%. Selling cost 6%. Last but not least, don’t know where you will find a property for 300k right now that will yield 2k rent.