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Updated over 2 years ago,

User Stats

46
Posts
17
Votes
Justin Melton
17
Votes |
46
Posts

First Single Family Purchase

Justin Melton
Posted

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! 

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