[Calc Review] Help me analyze this deal
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I'm a new investor and I'd like to give the BP Forum a test drive. This property is on the Gulf Coast. (beachfront) The cash flow isn't there at the rental projections, but this property should appreciate nicely over time. This isn't what I had in mind for my first project, but I don't want to pass up a good deal. I'm pretty sure David Greene would call this a "shiny object." Help! Would you invest in this property? Thanks.
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Whether or not to invest depends on your short term / long term goals. Do you need the cashflow? Or are you looking for a quality property that will appreciate long term?
I noticed the vacancy rate was set to 0%, not sure how realistic that is given the area and your strategy.