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Updated about 3 years ago,
Second opinion on this deal
Hello,
I am getting ready to purchase my first deal. I ran the numbers but I would like a second opinion before I make an offer. It's 2 properties.
I plan to offer $135,000 for both and request seller financing until my current home sells.
Adress | Price | Total Rental Income | Vacancy | Repairs | Insurance | Property Tax Monthly | Mortgage Payment | Total Expenses | Profit |
Johnson | $89,900.00 | $1,100.00 | $55 | $55 | 142 | $250 | $483 | $984 | $116 |
Roosevelt | $49,900.00 | $600.00 | $30 | $30 | 83 | $82 | $242 | $467 | $133 |
Total | $724 | $249 |