Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago,
Should I make this investment?
SFR 3B1B in the midwest in a B- area D schools.
1000 sqft
purchase price $25,000
repair cost $40,000
ARV- $75,000
Rent $900
Cost per month: Vacancy $90, CapEx$27 (figuring after putting $40,000 shouldn't need a whole lot more? maybe) Managment $81 property taxes $100, Repairs $90, Insurance $50
P&I 139 - 15 yr amortize with 4% interest rate; closing cost $1000, loan pts/fees $687
I am guessing at interest rate and closing cost and fees in sentence above.
This could be my first out of state rental. Would love to hear your opinions.
Thanks a bunch,
Fred