Opinion on an brrrr deal
Hello everyone and happy new year
I’m going over a single family brrrr and wanted to get your opinion on the refinance part as that’s what I’m analysing.
I would be leaving roughly 14-18k in the deal and after paying expenses which include the following ( management, %4 vacancy, 4% maintenance, insurance, property tax, income tax) I would be left cash flowing $250-270. probably not attractive for the seasoned investors but for me it’s pretty decent? maybe I’m wrong.
The house is in an hot/great up coming neighborhood. Would you take into consideration the apperception and tenant pay down when looking at the deal?. I’m strictly going off cash flow but if considered pay down would be more