Is this deal too good to be true ? Rent estimate: $1376 Mortgage: $ 489

[Alex R.]

its a 3 bedroom house in bakersfield in a very good neighborhood.

the numbers are good but a little bit too good be true. What is wrong in this picture ?

Mortgage: 489
Rent: 1376
HOA Dues: $0

Additional Expenses
Est. Property Taxes*: $151
Est. Home Insurance*: $29

Net Profit: $ 707 / Month

here is a link to property:

http://www.ziprealty.com/property/8221-WILLOWGLEN-DR-BAKERSFIELD-CA-93311/4873898/detail