New To Real estate and wanted to get someones thoughts on a property

[Owen D.]

This is an 8 bed 2 bath multi family listed for $125k and it looks like total rental income would be $1500 a month (which would be a cashflow of over $500 I think?).

I currently can't purchase, but want to get into the habit of analyzing deals. 

https://www.zillow.com/homedetails/5016-S-Aberdeen-St-Chicag...

[Paul De Luca]

Quote from @Owen D.:

This is an 8 bed 2 bath multi family listed for $125k and it looks like total rental income would be $1500 a month (which would be a cashflow of over $500 I think?).

I currently can't purchase, but want to get into the habit of analyzing deals. 

https://www.zillow.com/homedetails/5016-S-Aberdeen-St-Chicag...

 It could be a decent cash flowing property but it depends on the underwriting specifics. What kind of financing would you be using?

I haven't analyzed it myself, but I would expect the property to rent for a market rent of at least $2k+. Based on the listing description, the property needs work, sold as is, and is only accepting cash or conventional offers which further indicates the property is going to need more TLC than it appears in the photos. So if you roughly estimate $10k-$15k/unit in cosmetic improvements, after that the cash flow could be decent but your CoC return may not be great. Depends on how much you're putting down, if you're living in the property or not, condition of CapEx, etc.