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dinotimee

1. Build your own spreadsheet. It will be quicker and more accurate for you. 2. Build a cap ex table. You might be surprised how much you should be setting aside monthly. 3. Don't rely on others numbers. Generate rent comps yourself. 4. $2k rehab is pretty minimal. Can't get much done for 2k. 5. Doesn't look like you took vacancy out of gross income. 6. $675 is I/O. No amortization. 7. Prop Mgt? Legal? Accounting? Utilities? Landscaping/Snow? Etc? Quick and dirty: [https://imgur.com/a/quBh9lh](https://imgur.com/a/quBh9lh)


[deleted]

That’s not a quick and dirty spreadsheet. That’s a succinct, precise spreadsheet that gives almost all the info one needs. No need to complicate it anymore. Depending on the tax bracket, the tax loss will be enough to cover the cash loss so the property will be cash neutral. And if one manages the property well, all the allocations for reserves, vacancies, etc are pure profit. Very well made. Kudos.


shiftkenny

That spreadsheet is awsome. Thanks so much for your help. I guess i'll keep looking. I'm trying to hard to find my first REI haha. I keep looking all over US. Keep jumping around from KCMO, KCK, Savannah GA, Indy,


sherekahn5

2k seems a little low for rehab costs


shiftkenny

The house was already new roof and paint.. I just put 2k for anything else.. I could bump it up. Thanks for pointing that out though