Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

3
Posts
0
Votes

Why is this Not good Deal? (Deal Analysis Help)

Posted

Hi All,  

    First time posting,  and ive just recently ( last 2 months gotten into real estate).   Im from the North East and am looking to invest in the South East.   Ive read quite a few books and listened to a bunch of podcasts and have started getting into analyzing deals.  Ive subscribed to Rentometer and have started searching for homes in the Orlando area.  One of my deals I just cant figure out why it hasnt been scooped up and im looking for some pros to help me understand.  

 Location:  https://www.zillow.com/homedetails/2894-Stallion-Dr-Orlando-FL-32822/2102405734_zpid/?

Rentometer Price:  1360$ 

Property Taxes: 53/m

Condition: Move in ready. 

Crime : Low according to Trulia.  

This house meets the 1% rule by 2x.  Why would this not be a buy? If it is a buy,  enjoy this freebie! 

My analysis give me like a 73% COC return.

Is rentometer just not the tool to use? 

Thanks for any help.  

Marshall 

Loading replies...