All Forum Posts by: Account Closed
Account Closed has started 2 posts and replied 3 times.
Post: Analyzing my 1st deal, am I being too conservative?
- Louisville , KY
- Posts 3
- Votes 1
Thanks guys! Yes, the market has been better than this lately, I am passing!
Post: Analyzing my 1st deal, am I being too conservative?
- Louisville , KY
- Posts 3
- Votes 1
First post! I am analyzing my first property in Louisville, KY. It is a triplex.
Here are the numbers I am getting. It looks like CoC of just 4%, but am I missing something?
The numbers are the "actuals" (per sellers agent), but the maintenance/CapEx(10%), vacancy(5%) are estimates.
The property is in an up and coming area that is revitalizing. The building has already been updated.
Am I being too conservative on these? It doesn’t feel like I am.
| Price | 175000 |
| Gross rent | 26100 |
| Insurance | 3156 |
| Taxes | 2535.96 |
| CapEx + Maint (10%) | 2610 |
| Vacantcy (5%) | 1305 |
| Utils | 6300 |
| Mgmt | 1827 |
| Yearly Expenses | 17733.96 |
| Yearly Net | 8366.04 |
| CoC Return (no debt) | 0.0478059428571429 |
| Debt service | 11700 |
| CoC + Debt | -0.095256 |
| Rent per door | -92.61 |
Post: First deal analysis in Louisville, KY
- Louisville , KY
- Posts 3
- Votes 1
First post! I am analyzing my first property in Louisville, KY. It is a triplex.
Here are the numbers I am getting. It looks like CoC of just 4%, but am I missing something?
The numbers are the "actuals" (per sellers agent), but the maintenance/CapEx(10%), vacancy(5%) are estimates.
The property is in an up and coming area that is revitalizing. The building has already been updated.
Am I being too conservative on these? It doesn’t feel like I am.
| Price | 175000 |
| Gross rent | 26100 |
| Insurance | 3156 |
| Taxes | 2535.96 |
| CapEx + Maint (10%) | 2610 |
| Vacantcy (5%) | 1305 |
| Utils | 6300 |
| Mgmt | 1827 |
| Yearly Expenses | 17733.96 |
| Yearly Net | 8366.04 |
| CoC Return (no debt) | 0.0478059428571429 |
| Debt service | 11700 |
| CoC + Debt | -0.095256 |
| Rent per door | -92.61 |