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Updated over 5 years ago,
Why is this Not good Deal? (Deal Analysis Help)
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