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Updated about 3 years ago on . Most recent reply

User Stats

25
Posts
10
Votes
Jacob Hafer
  • New to Real Estate
  • Morgantown WV
10
Votes |
25
Posts

[Calc Review] Help me analyze this deal

Jacob Hafer
  • New to Real Estate
  • Morgantown WV
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.


Looking to purchase this multifamily property as a long term rental. I am a new investor looking to purchase my first property, so I am looking for some assistance on understanding the numbers to ensure this is a good deal. I've been pre-approved using a conventional loan for this property with a DTI of 23%. I know on average a good DTI is 35%-45%, however, I have been told to be below this average isn't that bad as it still isn't as risky for the lender.

  • Jacob Hafer
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