Updated over 6 years ago on . Most recent reply
[Calc Review] Help me analyze this deal- first DEAL
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@Patrick Blankenship there's an awesome analysis out there somewhere on capex, the results of which are captured in one of the BP books. Bottom line is that the average SFH, no matter the $$ spent, game out to around $185/no when you factor in replacement cost and life expectancy of major items. You may be able to get away with less depending on what you're comfortable with, but at a minimum I'd make your capex at least $100.
The only other thing i see is insurance...have you gotten an actual quote for coverage on that property? I would recommend it. I ran quotes on similar priced investment properties and it came out to $75/mo...at this point when i run numbers without a quote in hand I’ll never use less than $100