[Calc Review] Help me analyze this deal

[Chad Barson]

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*This link comes directly from our calculators, based on information input by the member who posted.

I know the after repair value will be higher. This is the first deal I found that the numbers weren't in the negative. If you agree this is a good deal or bad PLEASE tell me WHY. I need help with investment/founds

Thank you for you help in advance

Chad B

[Jaysen Medhurst]

@Chad Barson, this could be a good deal. I would like to see a confident ARV. What are the comps like. It doesn't make sense to spend $111k on an $83k property. Even with that good cash flow, it will take almost ~5 years to payback the upfront repair costs. Ideally, you structure this like a BRRRR, so you can pull out your investment and recycle the cash.

Your numbers look pretty good. Few things to think about:

1. What repairs are you doing for the $25k? Will this enable you to charge higher rent?
2. You probably won't find a 4% loan, especially if you're not going to owner-occupy.
3. Your down payment is low. Most loans require 25% down on an investment property.
4. Water and Sewer look high at $75/unit/month. Around me it's closer to $30. Have you confirmed this with the town? Anyway to bill this back to the tenants?
5. $100/month taxes is a very round number. Confirm with the town.
6. Vacancy might be a bit low (I usually figure 8%), but that's super local. Might be fine.