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Updated over 2 years ago,
First Single Family Purchase
I have looked at various investment calculators online (I know BP has one as well)
I found a single family home 3/1 that is going to need a new roof eventually (next 5 years).
I believe I could purchase for $65,000 and rent for $900 per month easily (I am very familiar with the market) taxes are around $800 annually. I believe it would qualify for financing and would have it managed. I am assuming 10% vacancy and 10% maintenance.
Thoughts on this deal? Thanks in advance!