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Updated almost 9 years ago on . Most recent reply

New Member First Post Please share your thoughts on this deal
Hello everyone,
New pro member and I would like to share this deal and hear your thoughts on this one.
Click Here -- Single Family Investment
It's a single family home, Ranch style with 1371 square feet finished and another 513 square feet four seasons room. Tax site values it at $162,800 but actual value if repaired and updated nicely is probably more like $145,000.
Roof appears ok, furnace and ac are older so I may get a home warranty as well.
I have an accepted offer at 105,400 and I am hoping to get by with about $3,000 in repairs.
Looking to finance over 30 years at 3.675 (or more). I think I can get 1200 or just under per month on rent due to its location and size. Property taxes are a bit high so I hope to appeal those next year. I completed the rental evaluation calculator to the best of my ability.
Please open up the link above and please share your thoughts. I am learning as I go... :)
Thanks in advance for your thoughts.