Help me analyze this deal
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@Nicole Harrington, I think you did a pretty good job with the calculator. I do think your 10% vacancy estimation is too high. I use 5% and believe in reality than I can do better than that, but I also think your maintenance and capex are too low. So, overall those 3 even out in the end.
One question, why are you only refinancing out $147k. If your ARV is $245k, then you should be able to refinance out at least $183,750 based on a 75% LTV.
Overall, I don't think this is a sexy deal at all. A lot of cash invested, plus work to rehab for a modest return. It isn't bad, but this isn't the kind of return I would ever be interested in.
You would be leaving about $75k in this deal for $400 per month cashflow. I would want 4x times that much maybe more for that kind of money invested in a buy & hold.