Rental Calc Review - Please help me analyze this potential deal!!

[Anthony Venezia]

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[Anthony Venezia]

Originally posted by @Tchaka Owen:

@Anthony Venezia - several things:

1. You're not going to pick up an investment property using bank financing without at least 20% down, realistically 25-30% down. If you don't have that, then time for a different strategy.

2. @Caleb L. already mentioned Vacancy; let me add the following suggestions: remove PMI (because you won't get investment financing needing it), the listing appears to show an addition city tax of $1268/year, that should be added; it's a townhouse, what's your reason for paying water and sewer? I'd thrust all that upon the tenants. Good luck!

Thanks for your feedback! I will start to strategize around having to put at least 20% down. I just hate to have my investment basis be so high, therefore lowering my ROI. That's why the BRRRR method appeals to me and I am learning more about that. Regarding the other monthly expenses, noted! Thanks again!