Kevin Harper Rental Property Investor from Milwaukee, WI posted about 1 year ago Hello everyone, this is my first post on BiggerPockets and I wanted to ask some of your feedback on a deal I have been presented with here in MKE.... Ok so here’s the summary:16 properties with 21 doorsTotal cost ARV $385kAnnual income $142kCap rate 37%Actual Payoff 2.72 YearsWhat that includes:Renovations for vacant properties 50kAdjusting rental rates to market value (avg. $750 for 2bd / 850 for 3bd / 1k for single family homes)Insurance cost for each propertyTaxes for each propertyManagement feesRefinance cost of $1.7k per monthMaintenance reserve of $500 per property80% occupancy rateLet me know some things that you may also consider in your calculations as this we’re just starting to add rentals to our portfolio as we have been rehabbing / flipping for the last 3 years!!!