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Updated almost 5 years ago,

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Is this home a good value?

Posted

Hi Everyone!

I am a new investor trying to get my feet wet in real estate and I am trying to learn how to analyze rental properties. I found this home on Zillow listed at $93,000 in Orlando, Florida that I wanted to potentially rent out to tenants. It's a single-family home located right on a lake with 3 bedrooms, 2 bathrooms, and is 1,850 square feet. It is already in pretty good shape and I have calculated the financials and the cash flow it could potentially bring me. Zillow is giving its "Zestimate" at an average of around $209k for similar properties with the same specs. I am just wondering if I stumbled upon a great deal or if this isn't as accurate as I think it is? Any feedback would be much appreciated! I will link the property at the bottom of this post if any of the more experienced investors want to check it out for me.

Happy hunting!

Kaleb

https://www.zillow.com/homedetails/5458-Jean-Dr-Orlando-FL-32822/2081557803_zpid/

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