Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago, 08/17/2021

User Stats

10
Posts
0
Votes
Robert Gamblin
0
Votes |
10
Posts

Please Help with analyzing First Rental Deal.

Robert Gamblin
Posted

I need help analyzing my first property I put an offer on to make sure it makes financial sense.  Details are below:

Side By Side Suplex in Ilinois

each side is 2 bed 1 bath ( no basement)   Very nice clean property that backs up to local park on a Cul-de-sac.

Price $215,000

Current Tenants Rent = $1450.00

Property Taxes is $3400.00

Insurance is $1450.00

Please help me break this down to determine if its a worth while investment.

I originally believed it was, but starting to question it now.  What do you believe rents should be or is it good to go?

Thanks in advance!!

Loading replies...