Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
second pair of eyes on an investment property
I have a single family home 4 bed 3 bath that I am looking to invest in in a desirable neighborhood, great school, growing community.
I have secured great financing. Home is 285k with 5k down. 4 year old home that needs nothing in terms of repairs. Comparing comps it will rent for 2300/month. All the bills, taxes, mortgage per month is 1800. I have run the 2% test.... It almost makes 1%. and meets the 50% rule of thumb.
Will anyone else help me with the numbers in first glance rental positive cash flow for this property?
First time real-estate investment here. Sweating bullets, but I am going to start somewhere. I am hoping with this property!!!
Thank you for your knowledge, and advice
-Sam