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Updated about 10 years ago,

User Stats

942
Posts
501
Votes
Marci Stein
  • Rental Property Investor
  • New York, NY
501
Votes |
942
Posts

please help analyze this deal

Marci Stein
  • Rental Property Investor
  • New York, NY
Posted

House costs $55,000---needs a new roof and some sheetrocking, gutters and paint 

(approx 14,00-$20,000) . . Taxes are 5,500 a year and insurance may be another 

$50 a month. Average rent in that area is $1,100- 1200 a month.

Does this sound like a good deal?

one of the things i like is that it is under 1 hour away  from where i live, and in a 

desireable neighborhood, but those taxes may be a dealbreaker--

your thoughts much appreciated! .   

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