Need to bounce a possible purchase off of some forum members

[Jan Fensterer]

Hi There-

I have been buying and Selling Real Estate for a while. (I am a Realtor) In Albuquerque, it's tougher to find those deals, even as a Realtor. I have a client that wants to sell her 2 bed 2 bath, 2-car in NW ABQ. Mature area, brick, new roof, AC, new hot water heater. I can most likely pull $2,100k per month renting it straight out.- Would just have it painted. Easy care landscaping front and back. Our 2 other Rentals are 1 mile away (1- long term- great renters- 1 mid term- have has success with almost zero unrented in 2 years. Home would most likely sell for around $280k- I can offer her around $260k- as is- Then get a lower interest ARM for 10 years- Then refi as interest goes down. The home should give me around $400 per month- Thoughts???