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Updated about 5 years ago,

User Stats

206
Posts
144
Votes
Susan Tan
  • Rental Property Investor
  • Houston, TX
144
Votes |
206
Posts

What am I missing in this deal analysis?

Susan Tan
  • Rental Property Investor
  • Houston, TX
Posted

In the above link, would the asking price of $62,900 be a good deal as a buy & hold investor? I spend 5 mins doing a deal analysis example as advised by the newbie investor webinar by Brandon Turner. Here are the other info I researched online. What info am I missing? I know that I do not have the inspection report.

Size4 bed/2 ba, 2155 sqfeet
Price$62, 900
Annual property taxes1,521.59
Total rent1,200
Property management 4 to 8% of rent96
Profit monthly1,104
Profit annually11,726.41
CAP rate0.1864294118

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