Should I buy this deal - closing this week

[Sameer Kh]

Hello Fellow BP Members,

I am about to close on this deal but wanted to check if this is a good one.

Loan 104k

down payment = 20%

Interest rate = 4.75

The property is fully rehabbed by investor including new roof, hvac, foundation levelled, new tiles, bathroom updated, new  carpet, new  appliances. 

ARV is same as purchase price as per final appraisal.

Loan status = approved for a non recourse loan.

PITI = 765 per mo

HOA = 35 per month

Property will have a guaranteed rent for 12 months of 1175 (similar properties renting for 1100-1200 in the area )

After capex, future repairs deduction I will be cash flowing 140-160

Market is growing fast.

Should I close on this deal

Thanks again as always 

[Charlie Fitzgerald]

What are your goals?  What's your "Why?" for investing in RE?  Your answer is there.