Updated over 5 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.
Hey everyone, I've been looking for my first deal in the real estate investing world in the past month and came across this duplex in my area. I would appreciate any thoughts or advice with this one. I speak to banks tomorrow to see what options I have to finance. I entered this loan as 20% dp, 30-year, but hoping to find something with as little as 5% down. I accounted for 9% management in here and 10% vacancy, but I do plan on managing the property myself too at least to start. Let me know what you all think, thank you!
Most Popular Reply
@Ryan Alexander Yes the capex budget will have to be greater since the roof is not brand new. Roof has a 25 year life span. Assume $7500 to replace. $7500/25 year life span/12 months in a year=$25 per month for the roof if new. You only have 20 years to recover the cost. $7500/20/12=$31.25 per month in your budget.