Originally posted by @Herwin Jno-baptiste :
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Overall looks good but I would look into some of the expenses y down payment.
Utilities usually always left out and are big surprise by new investors: Pest control, Garbage, accounting and legal and sewer.
Pest control as must, monthly quarter or semi-annually your choice.
Garbage, who is paying for the collection and bins tenants? some cities include it on taxes.
Accounting & Legal. Always allocate for this as you will need it eventually/ Who is doing the taxes at the end of the year?
Sewer/water. Same as garbage but are the apartments in separate meters?
You might have to look for a higher downpayment and expect a higher rate due to the location unless you have a very localized bank.
I thank you Guifre Mora, for your feedback it's greatly appreciated, this was my first analysis looking to get much better at this, Thank you sir
Hi Herwin - New investor here. I know nothing about your market, but I’d be curious to know if a 5% vacancy estimate is realistic for Nacogdoches. If I’m doing the math right, that would mean that of the 5 units, you would only have 3 months of vacancy overall in a given year. Is Nacogdoches typically a strong rental market?