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Updated almost 8 years ago,
Rental Analysis Assistance
Hi All,
I'm hoping to get a second (third, fourth, fifth, etc.) opinion on this property:
Purchase Price: $97,000
Evaluation: $98,000
PITI: $713.13
Estimated Rent ( Very Conservative): $1,050
Estimated Rent (Probable): $1,100 - $1,150, possibly $1,200
Vacancy Loss: 5%
Repairs/Maintenance: $53/month
Utilities: $82/month
Monthly Cashflow: $197.95
This is a pretty turnkey property, although the furnace and water heater are on the older end.
Thoughts?