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Updated about 5 years ago on . Most recent reply

User Stats

16
Posts
3
Votes
David Ross II
  • Murfreesboro, TN
3
Votes |
16
Posts

NEW TO THIS!! Good First Investment?

David Ross II
  • Murfreesboro, TN
Posted

Hello BP! I wanted to start by thanking the community, you guys and girls have been tremendously supportive throughout the entire process.

I came across this duplex in Murfreesboro, TN. The selling price is $259,900. I did a rentometer check for comps in the area and they are renting for around $1,250/mo so my conservative rent is $1,100/mo (this property also has 1 bath while the comps all had 2 baths). I will have to gather more information on the property first as there isn't many pictures of the place and because it's been posted for about a month now. I also used a rental property calculator that gave me a CapRate of 7.84% (this is with a 20% down payment).

If anyone could help me with my analyzation that would be amazing! I want to know that I am doing the steps right so that I don't potentially mess up my first deal D:


Thanks all!!

https://www.zillow.com/homedet... - Zillow Ad

https://www.calculator.net/ren... - Rental Property Calculator

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