@Keleisha Carter I think you are a little light on the your expenses. I use a total of 23% for vacancy,repairs and capex. You didn't include property taxes. I can't tell if this is a multi unit or sfh. Multi you would need landscaping as an expense. Capex is the silent killer of profits, Guessing from the picture 2000 sf per level so 4000 sf. $6 sf for flooring = $24000 / 8 year life span / 12 months = $250 per month just for flooring. Need to budget for HVAC,hot water heater, painting,cabinets,roof,etc.
@Tim Herman Thank you. Its a multi family property. I would have to find those costs and include it in my other expenses section
@Keleisha Carter There is a cap ex spreadsheet in the files section that would give you a more complete estimate of expenses. It was created by @ sam tato. Good luck on your journey.
@Tim Herman thank you so much. Will definitely look for it
Looks like a loser to me
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