All Forum Posts by: Elisha Young

Quote from @Taylor L.:

$3,600/mo rent vs a $273k purchase price puts you in a pretty good position. How comfortable are you with all of the other numbers? Are you certain the property doesn't need a lot in repairs right off the bat?  Management fee seems a bit low at 5% for a single family, do you have a management company quoting you that?

Hi Taylor,
Not sure about the repairs, but will definitely look at that during a site visit.  I was planning on managing myself and thought about 8% originally; was hoping to reserve an amount for a prop mgmt company just in case I need them down the road.  Does 8% sound like a better/closer number I should be considering?

$3,600/mo rent vs a $273k purchase price puts you in a pretty good position. How comfortable are you with all of the other numbers? Are you certain the property doesn't need a lot in repairs right off the bat?  Management fee seems a bit low at 5% for a single family, do you have a management company quoting you that?

Hi @Elisha Young, the numbers look pretty awesome on this! I don't see the property in the analysis so it's hard to give a ton of input without that, but just based off of cap rate, cash on cash return, and cash flow from the numbers provided it would be a great deal.  What is the rental strategy you are looking at? I see you're in Denver, but thinking the property must be somewhere else because I haven't seen a property for $273K that could rent for $3600. Would this be a traditional rental or some type of short term strategy?