[Calc Review] Help me analyze this deal
2 Replies
Kristen Fennig
New to Real Estate from Indian Trail NC
posted about 1 month ago
*This link comes directly from our calculators, based on information input by the member who posted.
Tim Herman
from North Dakota
replied 30 days ago
@Kristen Fennig you won't be able to get a loan without insurance. Why is their a cost for garbage? A single family home all utilities should be paid by% the tenant. You use different percentage than I do but the percentage is the same. I use 8% vacancy,5% repairs, 10% capex and 10% PM. Likely the property tax will go up after the reno.
Joe Hammel
Real Estate Agent from Farmington Hills, Michigan
replied 30 days ago
Overall looks pretty good. Tim already pointed out the need for insurance.. 20% roi on a first brrrr Is well worth just the experience to get rolling. Biggest thing is confidence and accuracy of the inputs... Lender fees/points, taxes, ARV, Rent*, etc.