This deal...

[Jordan Burke]

Alright, so i realize there may be some risk putting this up here if it really is a steal because someone will swipe it up. But - lesson learned is lesson learned.

Let me show you this deal here

I want to put 20% down get a loan for 160K - mortgage about $757 in the area, and a tenant history of $750 bottom floor $850 so $1600 a month 50% rule says $800 a month. only a $43 dollar profit. Not even close to the $100 - $200 a month that comes from a good deal. 

The real estate agent said this was a killer deal... but I'm thinking $43 dollars a month is a little low...

Am I missing anything 

(just trying to get this first deal happening!) 

[Alexander Merritt]

@Jordan Burke I personally would not take this deal and here's why (figures per year):
Purchase Price: $160,085.70
20% Down Payment: $32,017.14
APR: 5%
Revenues
Rental Income: $19,200.00
10% Vacancy: -$1,920.00
Gross Income: $17,280.00
Expenses
Property Taxes: -$853.00
Insurance: -$500.00 (guess)
10% Maintenance & Repairs: -$1,920.00
10% Capital Expenditure: -$1,920.00
10% Property Mgmt: -$1,920.00
Total Expenses: -$7,113.00
NOI: $10,167.00
Mortgage (P&I only): $8,250.00
Cashflow: $1,917.00
Cash on Cash Return: 4.79%
Cashflow  per door per month: $80

You're only making ~1900 a year for a Cash return of 5%. You could probably sink your down payment into the stock market and do just as well or slightly better. This is not a horrible deal but I think you can do better.