Hi just wondering if its a good deal or not ?

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  • Rental Property Investor · Brookline, MA · Member since 2013 · 1k+ posts · 777 votes
    6y

    Hello @Daniel Stamenkov,

    No.  This is not a good deal as a rental.  You have no money allocated for fixing up the big systems, Capital Expenditures (Cap Ex), operations, or property management.  Those 3 items will exceed your $182 remaining cash by quite a bit.

    Cap Ex should be at least $250/month unless the property is either small or brand new. I recommend property management forecasts at 10% of gross rents.  Your general operations budget need to cover lawn care, snow removal, minor repairs, rekeying, and other seasonal expenditures.

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