[Calc Review] Help me analyze this deal
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@Roberto Lopez Based on the report, a few things are not properly set up. A few comments:
1. Your overall rent expectation is low compared to your purchase price (see the 2% / 1% rule)
2. your monthly expenses are through the roof. If you look at the breakdown, you can see that you put your annual property taxes as a monthly expense, so you should change that.
3. Estimates for Vacancy, capex, Management, Repairs at 2% are way too low. Property management usually costs between 7%-10%. Capex is usually set around 8-10% (check BP's blog, they have multiple articles about that). Vacancy at 2% means your property is empty only one week a year, that might be a stretch too.
4. How did you come up with an ARV of $250k for a house purchased for $190k with only $5k of repair work? Unless you're making a very good deal at purchase, it's unlikely that your property would appreciate so much post acquisition.
Please let me know if I can help!