CareCPA
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I think your maintenance expenses are low, and I don't see any capex reserves.
How much does a roof cost? How often does it need replaced?
Appliances? HVAC? Flooring? Water heater?
Total cost/anticipated life = annual capex reserves for each. I'm sure there's a formula for this in a book so you don't have to run through the whole exercise yourself.
Insurance expense?
Any licenses or fees in your area to be a landlord?
Are you hiring a management company or self managing?
I had three properties turn over in 2019, at an average cost of $5k per turnover...
How much does a roof cost? How often does it need replaced?
Appliances? HVAC? Flooring? Water heater?
Total cost/anticipated life = annual capex reserves for each. I'm sure there's a formula for this in a book so you don't have to run through the whole exercise yourself.
Insurance expense?
Any licenses or fees in your area to be a landlord?
Are you hiring a management company or self managing?
I had three properties turn over in 2019, at an average cost of $5k per turnover...
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