Good deal or Bad deal?

[Abe Alam]

Hi Folks, What do you think about this deal?

3/1 BRRRR

Purchase: 155k

Closing Cost: 5k

Rehab: 15k (2 months time)

ARV: 220k Refinance at 175k

Rent: 1600 - 1700 / mo

The home would be funded with a conventional loan, which isn't ideal I know. 

[Jonathan Greene]

I don't understand why people keep posting deals without giving any indication where the deal is. All this post tells me is that you are just running calculators on a property and not really understand what any of the numbers mean. 3/1 BRRRR, ok, I assume a single-family house and not a half-duplex or condo or townhouse? Who gave the rehab estimate and how much experience do they have and you have in estimating numbers? Also, a 15k rehab should not take two months. If it's taking two months, it's going to cost you much more than 15k. Who is giving you the ARV? A licensed agent with MLS access. With those numbers and a conventional loan, you will cash flow, but what's the appreciation potential?