[Calc Review] Help me analyze this deal
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I am looking for some insight on this deal. A couple things that I have questions on:
- I plugged in all of the individual expenses, but they don't add up to the Total annual Exp listed which is $11,447. They add up to $9,295. Are these 2 numbers supposed to match?
- Do you see any places where expenses could be reduced?
- I added in another 5% for repairs, even after adding in the $1,400 owner projected repair cost seems very low. Would it be better to just project 10-15% for this and leave out the $1,400?
Thanks in advance!
| Total Annual Exp: $11,447 - 2017 - Owner Projection |
| Expense Source: Owner Projection |
| Net Oper Income $: $11,156 |
| Cap Rate: |
| Janitor Expense: $0 - Owner Projection |
| Fuel Expense: $0 - Owner Projection |
| Electricity Expense: $1,300 - Owner Projection |
| Water Expense: $1,995 - Owner Projection |
| Scavenger Expense: $1,100 - Owner Projection |
| Insurance Expense: $3,500 - Owner Projection |
| Repairs-Decor Expense: $1,400 - Owner Projection |
| Manager Expense: |
| Other Expenses: $0 - Owner Projection |