[Calc Review] Help me analyze this deal! $276 / mo in cash flow

[Tyler Dietrich]

I think this is a pretty solid deal, has PM in place with 7% rate, and was recently updated so has lower overall maint. 

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

[William Anderson]

I have been telling my clients recently that buying for appreciation alone in this current market has a greater risk than I have seen in several years.  Take a look at the FED prices of homes from 1965 through 2021 with a bit in 2022.  The rise in prices during the past twenty-four months is the highest increase in U.S. history.  

This tells me that not only are many properties overpriced for this market but a recovery could fall into that 10-year cycle. This means while you may go into this property very lean on ROI it may take years to hit your goal.

Buy a property offering lower than current market pricing now to give you a good start.  It's all about the numbers.