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Updated over 5 years ago,

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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 

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