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Updated about 6 years ago,
[Calc Review] Help me analyze this deal
Howdy folks, me again..
What I like:
-Long term tenants
-Up and coming area, close to Metrohealth
-Low property taxes (probably too low that I should be somewhat concerned...)
-Cash flow and CoC meet my criteria. Description says 1190 but I think I can increase it after seeing comps in the area and adding value back by doing some minor retouching
What I don't like:
-Iffy-ish neighborhood. Trulia crime scores wasn't promising, though it was right on the edge of moderate
-Close to cemetery, not sure if that affects desirability
-Not much info on mechanics and roof/foundation..
-Not much info on how utilities are split. Comps show that owners pay water, sewage and garbage which will cut into the cash flow
-low ARV, comps are around similar price ranges. pictures looked like the property was rehabbed 2014
overall, seems worth it to gather more info on
*This link comes directly from our calculators, based on information input by the member who posted.