Opinions and Thoughts on this deal analysis
https://www.biggerpockets.com/...
This is a property that was sent to me. I ran the numbers and this is what i came up with.
I use 7% Maintenance, 7% Vacancy and 10% Prop Management.
The property is currently tenant occupied and the tenant is paying $900 a month in rent which is super low. Comps in the area for 3br 2 baths is around $1200-1300 so conservatively, i ran mine at $1125. From the pictures i saw, repairs needed will probably be replacing carpet that is stained and old. It's currently listed at 82K but i believe we could get it for lower knowing that it has been on the market for a while.
Also, thoughts on increasing rent on tenants who you take over? Will this upset the tenant? and how much is an acceptable amount to raise if it is well below the current market price.