[Calc Review] Help me analyze this deal.
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Hi Connor, my initial glance, not knowing your situation, shows me your estimate for vacancy is super ambitious, 3%. Many people recommend 10-20% but I cut it close by estimating I may wait a month or two to get a desirable tenant and put 10% or maybe 5% in a very hot neighborhood.
Also, even after re-fi your cash flow is $62...? And you are renting the 3BR for less than the 2BR? Maybe this is a special case, like family members living in the 3 BR for a reduced rate in which case it makes sense. Those are a few things you might double check. Good luck with it!