90 Days Challenge. Day 26 Please help me to analyze this property

[Artem Shum]

Hello

I am new to REI and I am trying to learn how to find the best deal in the market. This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, live there for one year, then move out and rent it out, Screen shot and Link to the file are attached below. I appreciate any feedback.

Thank you

https://docs.google.com/spread...

[Jon Catterson]

Hello Artem,

Thank you for posting your numbers. Here are some questions I have.

This is a 3 bed 2 bath house hack. Is this two units or do you mean you'll have roommates?

The interest rate seems a little high in the current environment, but I don't know Indiana. Could you get a lower rate?

How sure are you that rent and market appreciation will be 3%? It seems a little high to me, but again I'm not familiar with NW Indiana.

Could you have the tenant pay water/sewer/trash or is that not typical there?

For your other monthly expenses, I assumed that was home insurance and mortgage insurance premium since you listed neither. I'm also wondering where the principal and interest payments are.

I suppose the house is going to need a little TLC so repairs and maintenance is at 10%. Should vacancy be at 8% or a little lower?

Based on what you posted, it doesn't look like a deal to me, but I could be off. Thanks for posting.