Updated almost 6 years ago on . Most recent reply
[Calc Review] Help me analyze this deal
*This link comes directly from our calculators, based on information input by the member who posted.
*This deal would be through a VA loan. I am active military so the extra income would be my BAH every month of $1000*
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@Cody Ringler, the projected rent is for both units. With a VA loan you'll have to live there for at least a little while. You should run the numbers both ways, so you know how it will perform while you're there and after you move out.
- You should expect something for initial repairs.
- What does the Misc. cover? You should try to be as specific as possible.
- What about insurance, water/sewer, lawn care/snow removal?
- Management of 3% is a pipe dream. Will probably be 10-12%.