[Calc Review] Help me analyze this deal
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Hi all, just interested in getting feedback on a deal I'm looking at. I used what I believe are conservative assumptions for the area:
0.5% rent growth
0.5% prop appreciation
Vacancy/R&M/Capex each at 8%
Mgmt at 10%
I confirmed property taxes online and insurance quote is a high estimate.
I also added in some immediate repair costs for items like replacing AC condenser and possibly some roof work.
The deal will be all cash upfront, but I would expect to do an immediate cash out refi to get 75% of my purchase price back, leaving 25% down in the deal.
Thoughts and insight are appreciated!