[Calc Review] Help me analyze this deal

2 Replies

@Erik Grahovac , first thought is who is renting that garage for $300/mo?  I don't know the market you are in, or this property, but that is almost 50% of one of the units, and 30% of the other's rent.  I have never owned a rental with a detached garage, but my friends that do have them either include with monthly rent or keep for storage themselves.

When taking that piece out, the deal barely cash flows.  Secondly, typical management fees are 10%.  Maybe you have a manager that charges 7%, in which case, disregard this comment.  

Insurance seems exceptionally low.  Again, maybe you have a bid, but typical for my rentals (many of which I bought for under $30k) still runs me $100/month.