[Calc Review] Help me analyze this deal
*This link comes directly from our calculators, based on information input by the member who posted.
Most Popular Reply
Hey, @Gerald Donaire, I think you need to re-run your numbers.
- Most importantly, your P&I is wrong. My calculator is showing $1363/month. This pretty much kills the deal.
- Closing costs look high, but this is local.
- You won't add $15k of value with $15k of repairs. Realistically, you won't add any value.
- I bet you can find a better rate. Shop around.
- I like 8% vacancy for my underwriting. Again, this is local.
- Taxes look low for a $300k property. Especially, if this is in CA.
- What about water/sewer, lawn care, admin/professional costs? Is this what the "Misc" is supposed to cover? If so, break them out. These expenses can be predicted and estimated.