All Forum Posts by: Noah Harms

It looks like a house but the basement and third-floor entrances are separate from the main house. The main house shares a front door, but the first and second floors are both separate units. It is a funky situation.

@Rene Hosman the insurance number is from Redfin and another real estate site. Not sure how accurate those generally are, but I haven't sought out a quote or anything for this property. What I will say is while this property has 15 beds it is only 4500sf not sure if that factors into the insurance much. The house is rented by floor, technically as solo units, but I know that one group is renting all 4 units right now (4 floors = 4 units). Thanks again for looking at my post!

@Rene Hosman Thank you! I will try some of that and see if I can get some more accurate numbers I also just made a new post with a potential property if you want to take a look.

Again, I am trying to practice and run some numbers on potential investments and would like help since I am just starting to learn the games of real estate and underwriting deals. Any criticism or suggestions are appreciated. I will provide a PDF and some screenshots. This property is a 15-bed 6-bath home in Boulder CO. It is currently 100% occupancy and has 17 people living in it. The rent numbers are 100% accurate.  Both purchase price taxes and expenses could be disputed as higher or lower though I think they are pretty reasonable. One set of screenshots is from an Excel template the other is a biggerpockets calculator. Let me know what you think! (I would be crowed funding for this deal FYI.)

@Rene Hosman Thank you for looking at this! I am a CU Boulder student. I thought this calculator auto-calculated the monthly payment I see now that it didn't and I adjusted it to be around 3.7k and now it is making around $600 a month which seems more reasonable. I'll provide updated screenshots below, does this still look like a decent investment? It is still a 9 cap and would meet the 1% rule. My only other big question is what is a good way to know how much you can charge for rent? I have looked at places near this property and the average rent in this neighborhood and just made my best guess. Is there a better science than that? I will also take a look at some of the calculators you linked. 

Hi, I am 19 and going to school for finance and real estate and have started crunching numbers as a practice to see if I can find some good deals. Based on the information I can find and an Excel template I am using it would suggest this property is a 9.3 cap and would have cash flow after expenses of around $3000 per month. This almost seems too good to be true. I'm thinking maybe some of my numbers are wrong or I have some unrealistic expectations of expenses and rent. Could someone take a look at this and tell me what they think? My rent numbers and expenses are all based on Denver Rent Cafe data and tax history data. This property is located a block from Denver University for context. Also, let me know if you think a 6%ish interest rate and 10% down is not right either.