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Mero Hernandez
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[Calc Review] Help me analyze this deal

Mero Hernandez
Posted

View report

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

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Jaysen Medhurst
  • Rental Property Investor
  • Greenwich, CT
2,466
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Jaysen Medhurst
  • Rental Property Investor
  • Greenwich, CT
Replied

Lots of questions, @Mero Hernandez.

  • Why do you think you can more than double the value of this property with only $4k of improvements? That's not realistic.
  • What kind of property is this, SFR or MFR? If it's multi, you will have water/sewer and perhaps other house utilities. May also have lawn care and snow removal.
  • Your taxes look very high for a property at this price point.
  • Definitely need to add in CapEx and management as @Bryan Noth pointed out. I use 15% combined for Repairs and CapEx, 10% for management.

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