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Updated over 11 years ago on . Most recent reply

User Stats

224
Posts
36
Votes
Jessica H.
  • Flipper/Rehabber
  • Easton, PA
36
Votes |
224
Posts

Is this a good deal for buy and hold?

Jessica H.
  • Flipper/Rehabber
  • Easton, PA
Posted

need a little help figuring this out as i am still new. let me know if i forgot to consider something. These are just some raw numbers, so if someone could help me make a little more sense of them that would be great!!

Location: Awesome, right in front of ivy league collage gates

Cost:65k

Rehab for rental: 50k ( it is a mess and needs a lot of work,but after this all major repairs will be done)

Rents for: $1200-$1500 month

Property taxes: $2800/year

Probably pay cash at first and later refiance out.

Any insights would be great!

  • Jessica H.
  • Most Popular Reply

    User Stats

    224
    Posts
    36
    Votes
    Jessica H.
    • Flipper/Rehabber
    • Easton, PA
    36
    Votes |
    224
    Posts
    Jessica H.
    • Flipper/Rehabber
    • Easton, PA
    Replied

    I think I see where you are coming from...but we would only be taking out 20k profit not 60k...or am I misunderstanding you?

  • Jessica H.
  • Loading replies...