My first deal

[Eric Terwilliger]

It wasn't an earth shattering success, but I'm learning along the way. 

PP: $210,000

Down Payment: 20%

Closing Cost: $9,500

Rehab: $5,000

PITI: $1425

Rented: $1250 per month

Property Management: $83 per month

I did all the rehab myself to keep costs down, but ended up taking longer on the updates and probably not the best quality work. I'm paying $300 a month to cover, but I was investing $300 a month in stocks anyway. 

Took 5 months to find a tenant so holding costs were rough. 

With appreciation and rent increases, in 10 years i'd see a 7% return if I sold. 

Other than finding a better deal initially, I feel like I've learned what it actually takes to try real estate investment. 

Thoughts?