Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago on . Most recent reply
![Aaron Lancaster's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1246206/1650664078-avatar-aaronl146.jpg?twic=v1/output=image/crop=600x600@0x0/cover=128x128&v=2)
Is this a good deal? I have to make a decision by tomorrow!
Hello, I'm relatively new to investing in rental property and have a potential prospect that' I'm under contract for. I am at the end of my due diligence timeframe and have to make a decision by the end of the day or early tomorrow. Here's the link to the property in question: 810 S Nettleton Ave, Springfield, MO 65806
The seller has agreed to sell it for $75,000.
The property is currently rented for $520 (unit A) and $420 (unit B) needs about $13,000 in upfront costs to fix up. Once the units become vacant, I'll need to put in about $10,000 more, so I'm looking at about $23,000 in total rehab costs.
If I ran my numbers currectly, I think that if I were to raise the unit B's rent up to $520 then it would be grossing $1,040 after all the rehabbing is done. Does this sound like a good deal? Any advice would be MUCH appreciated!
Most Popular Reply
![Casey Mericle's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/107963/1621417383-avatar-csm634s.jpg?twic=v1/output=image/cover=128x128&v=2)
@Aaron Lancaster this is blunt and to the point (which may seem harsh, but truthful)
No is the answer to your question.