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Updated over 8 years ago on .
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Help needed
I ran the numbers for a property I possibly want to get into. Just so nervous as Ive never done a deal before. The numbers show that its a good property. As far as I can tell. Its listed on Trulia.
I used the Rental analysis property & got a return of 28% Cash on cash return with 17,000 dollars needed.
I was considering a buy and hold with 20% down. Im really nervous and dont know what other steps to take from here & I also dont know if I ran the numbers correctly. Please any help on this would be well appreciated.
I know the cash ROI seems high. I think its because i just put a rough estimate on repairs. I put 8,000 in repairs but i havent seen the property in person yet.
Listing price: 29,000
Rent estimate: 850-950 for 3 bedroom/ 1 bath
Thanks alot guys!