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Updated about 5 years ago,
What am I missing in this deal analysis?
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.
Size | 4 bed/2 ba, 2155 sqfeet |
Price | $62, 900 |
Annual property taxes | 1,521.59 |
Total rent | 1,200 |
Property management 4 to 8% of rent | 96 |
Profit monthly | 1,104 |
Profit annually | 11,726.41 |
CAP rate | 0.1864294118 |