is this a good investment?

[Paul Scammacca]

SFR cplus area working class

160k ARV price 108 plus all closing costs so 115k. Needs mild to moderate updating

I ask given the COVID situation/rental situation/etc.  Am I becoming gun shy as I will have to mortgage this amount with all of this looming? I have visions in my head of mass foreclosures in 6-12 months and values dropping along with folks not paying rent. Of course, the flip side, entry level homes are still desired???????Thughts??

[Jonathan Barr]

I think that's to slim when you take closing cost into account. Like you said values may get hit in the next 6-12 months and you need account for lower ARV for that. This almost looks like a break even to. I would find something with a higher spread.