Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

6
Posts
1
Votes
Brandon Harkins
  • Rental Property Investor
  • NE Oklahoma
1
Votes |
6
Posts

Need help analyzing a deal

Brandon Harkins
  • Rental Property Investor
  • NE Oklahoma
Posted

This is my first post. I have one rental that my fiancé use to live in. I’m currently looking at a second.

House: 3b1b 1070sf house built in 1940 

Listed price: $62500

It's currently rents for $875/month and needs several repairs. There are multiple soft spots in the floor, minor ceiling damage throughout, shower/tub kit likely needs replaced, areas of rotted wood on the outside, old floor furnace needs properly sealed, and the carpet needs ripped up and replaced. It hasn't been inspected, but will be before I buy it. Cash flow is the main goal. With some quick math I'm looking at around 17% cash on cash ROI. Any input on if this is a good deal or any red flags I should be looking for?

Any help is appreciated. Thanks 

Loading replies...