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Updated over 8 years ago on .

User Stats

50
Posts
14
Votes
Andrew Galeano
  • Ridgewood, NY
14
Votes |
50
Posts

Help needed

Andrew Galeano
  • Ridgewood, NY
Posted
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!