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 almost 9 years ago,
HELP! Is this a good deal or not?
I'm looking into purchasing my first property. . It's a hot spot for student rental. .25 miles from university but in a residential area. No repairs that I see yet. Just Renovated.
Sell price 159,000 3b/1b
Down payment 15% closing costs 5,000
Taxes 4780/ year
Comparable homes rent for 2000/ month
Mortgage ins. $67
PM 10%
Repairs 5%
Utilities 5%
I'm sure I'm missing a few things. I would appreciate any feedback.