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Updated about 8 years ago,
Did I do my math right on this property?
Hey guys! I recently started reading a book from bigger pockets called "Rental Property Investing" and it talked about how to run the numbers on real estate. I found a short sale offer in chicago and I ran my numbers and they look bad. Just want to make sure I did it correctly. Can someone check? My numbers say I will lose $1.6k in the first year
https://docs.google.com/spreadsheets/d/1WC0UDC0PGVswV7aNwoaHPL9mBb1BjzmuG6xpoAow-Dg/edit?usp=sharing