[Calc Review] Help me analyze this deal

[Jeffrey Myers]

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Can someone tell me if this is a deal worth purchasing? It is a foreclosure.  Thank you very much!

[Jason Maguire]

Hi Jeff,

I get this is a foreclosure, but are you saying that a 49k house will rent for 950? Or is there any crazy work to be done on the house? That seems like a crazy deal to me if it's already "turnkey"??

But i'd take a little bit more look into the rent- i am not familiar with the Pittsburgh PA market but 950 does seem high for a foreclosed house at that price... once again i'm not sure what current rates generally go for but just my first thought.

Only other thing is 5.1% for interest seems kind of low- i'd conservatively target the mid- to high 5's just to get a better idea with #'s as that's where rate are currently fluttering at....