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Updated about 1 hour ago on . Most recent reply

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11
Posts
2
Votes
Briley Roe
Pro Member
2
Votes |
11
Posts

is this a good deal

Briley Roe
Pro Member
Posted

I purchased a property that needed a lot more work then intended. Can someone tell me if this is a good deal?

here the numbers


144k, 2556 sq ft, decent area.

put 30,000 into remodel.


Annual cash flow, 1,737

cap rate, 7.82%

coc returns, 2.82%

monthly cash flow, 144

grm, 92.9

total roi, 16.26%

Not sure if I am doing good in real estate or not,  just want to find a way to make it.

  • Briley Roe
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