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Updated over 3 years ago,
Help me analyze this deal…
Hello new here - what I am looking at:
Off market deal.
Wa state small town
1 block from Main Street of small town
2 bd 1 bth
Fenced in back yard
No garage
House build in early 1900s
Has been fixed up. New floors, paint, cabinets, etc
Purchase price 200k
Money down 26k
Closing cost 3k+\-
Loan amount 171k
Appraisal amount could be 240k/+
Estimated long term rent $1200-$1300
Estimated short term fees $2000
What else do I need to think about?
Would you do this deal?
Should I do this deal?