Ren
Rental Property (Triplex)
Topic
N/A
Accuracy
Recent Predictions
Incorrect: 0
Pending: 9
Prediction
Author
Predicted at
Status
Video
The 2-bedroom upstairs apartment, currently at $800/month, could be increased to $900/month.
"I feel like it could easily be brought up to 900."
Aug 27, 2025
Pending
The 1-bedroom upstairs apartment, currently at $600/month, could be increased to $750-$850/month.
"I think definitely a one-bedroom could be increased to probably 750 to 850."
Aug 27, 2025
Pending
Basic renovation costs for the two outdated units are estimated at $10,000.
"So, that is just like the basic renovation of these two others. So, we're going to use 10,000."
Aug 27, 2025
Pending
The After Repair Value (ARV) of the triplex will remain around $275,000 even after $10,000 in renovations.
"I I honestly don't think that adding the 10 grand will increase the value that much. I think you'll ..."
Aug 27, 2025
Pending
Overall rent growth for the property is expected to be 2% annually.
"I would say probably we could put 2% for this."
Aug 27, 2025
Pending
Repairs, maintenance, vacancy, and capex are each estimated to be 8% of rental income.
"For a property like this that's older, I'm going to do 888 across the board."
Aug 27, 2025
Pending
Property management fees will be accounted for at 10% of rental income.
"I do, but I always account for it 10%."
Aug 27, 2025
Pending
Annual costs for lawn care and snow plowing are estimated at $3,000.
"That would probably be about 3,000 per year for both of them."
Aug 27, 2025
Pending
Ashley intends to make an initial seller financing offer of $200,000 for the triplex.
"I think I would start out at the 200 and just let them know like I'm open to negotiate."
Aug 27, 2025
Pending