Is this a good deal?

[Matt Stambaugh]

Would you do this deal?

Purchase price : $52k - ask $60k

ARV: ranges in this neighborhood - $65-$85k

Repairs: $15k

Rents: $825  - maybe $850

Loan terms of 20 yr at 5.25% - with taxes and insurance $465/mth

thanks.

[Joe Villeneuve]

In a word...Run....Run like ... (OK that's more than a word).

Total cost = $67k
Arv           = $65-85k 
Equity     = $19k (up to...maybe, or underwater)

Rent       = $850
T/I          =  $465
Mortg    =  $451 (based on your ugly terms)
CF         = -$66/month  (that's a negative 66). 

That number, "66", is a sign to.........run...as fast as you can.

There is nothing here to see.