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Updated about 10 years ago on . Most recent reply

User Stats

253
Posts
34
Votes
Therese V.
  • Investor
  • Midwest
34
Votes |
253
Posts

Help me analyze this deal

Therese V.
  • Investor
  • Midwest
Posted

I need help determining whether this is a good deal or not.

Price $52k, 30 year mortgage 20% down 5% interest + closing closts (how do I pre-calculate these?)
3br,1br
Estimating about $2k work for kitchen and bathroom
Estimating about $1k work for the rest of the house
Needs glass block windows in basement (how do I figure cost of these, was supposed to get an estimate on another rental house we own and the guy never sent it to us)
Taxes are about $200/month

I'm estimating to get between $900-$1100 rent, so want to estimate returns etc on the lower end at $950/month rent.

Thoughts?

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