Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 on . Most recent reply

User Stats

2
Posts
1
Votes

Looking for feedback on deal basic evaluation

Piper Kilpatrick
Posted

Good evening everyone.

I'm working on getting better at looking for deals. I'm working in a market I know relatively well (lived for several years).
This property looks good and wondering what others think.

https://www.realtor.com/reales...

I ran the calculator on it and it looks like a good 200-300/month return with Cash on Cash close to 8. Thoughts?

This area is great for solid renters as the local hospital has a huge residency program so there are tons of young doctors looking for solid apartments and will be around for minimum 3-5 years. They don't have deep pockets, but they have a government guaranteed salary and I happen to be in the medical field with friends at the facility and could advertise directly to the incoming doctors each year. 

Loading replies...