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Updated over 5 years ago on . Most recent reply

User Stats

10
Posts
2
Votes
Timothy Busse
  • St. Paul, MN
2
Votes |
10
Posts

[Calc Review] Help me analyze this deal

Timothy Busse
  • St. Paul, MN
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.

  • Timothy Busse
  • Most Popular Reply

    User Stats

    14
    Posts
    13
    Votes
    Cody Smith
    • O'Fallon, MO
    13
    Votes |
    14
    Posts
    Cody Smith
    • O'Fallon, MO
    Replied

    Hey @Timothy Busse, I'm curious about a few things with your analysis...
    For your closing costs, how are you getting $2000?  I have read different things about this, and I've seen recommendations of 6-7% of the loan.  
    For your Property Management costs, I've seen people generally recommend 10%.  Do you have a PM lined up that'll give you 7%?
    Also, for your rents, are these around the avg/median for the area and comparable properties?  If they're lower, there may be opportunity down the road for a greater return through rent increases.

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