Looking for Feedback

[Phillip Ludlow]

I have a great SFR listed for sale in Buckeye Arizona with about 18 months left on a performing lease. The market is humming along and this is a great area. After management and other expenses it should flow in the neighborhood of $200 per month.

I have a deal posted and I'm getting little Interest.

https://www.biggerpockets.com/...

[Dustin P.]

@Phillip Ludlow

Hey Phillip, I just took a look. Here is some feedback from my end.

ARV: Nothing in this area has gone for over $270k without a pool. So if someone purchases for $285k they are under water pretty much right off the bat. If it were me I would want some equity in the deal.

Cash Flow: Assuming the property appraised for $270k and you put 20% down, for a loan amount of $216k, you're PI is about $1159 a month. Add in $42 a month for HOA, $153 a month for property taxes, $100 a month for insurance and you're at $1454. Add in repairs, CapEx (Should be minimal since it's newer but still at least 3%), vacancy and property management, and you aren't cash flowing

I would expect an investor to want to purchase this in the low 200s