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Updated about 2 years ago on . Most recent reply

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Joe B.
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analyzing potential rental property

Joe B.
Posted

hello, this is my first post and I'm in the beginning stages of learning about real estate investing.  I am currently working on analyzing potential long term rental deals and was looking for some other, more experienced members opinions. Zillow link here.  https://www.zillow.com/homedet.... If anyone has some extra time to look over these numbers and let me know if I'm on the right track to analyzing potential deals, that would be greatly appreciated.  While I'm not looking to buy any properties yet, these numbers seem to look like a pretty good opportunity.  Also, was wondering if anyone has any experience or knowledge about buying properties that also have monthly garage spaces to rent.  I figured these might have higher then normal vacancy rates so I increased the vacancy rate on the spreadsheet to 9%. Im not sure if that would be the case or not. What do you think? would you buy this property or pass?? Am I calculating everything correctly? Thanks!

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