deal review Anna TX

[Zachary Grotovsky]

I’ve been looking for my first rental and have looked at 40-50 places and none of them cash flow. Found a place in Anna TX which seems to have a bright growth future - north of Dallas. It’s in good shape and I could get it to cash flow by about 50 bucks per month - taking into consideration only mortgage, insurance, and property tax. (I know I know - this is not the proper cash flow equation because it doesn't take into account vacancy, maintenance and capex) This cash flow does not take vacancy and maintenance into consideration, so that’s the risk. I know if maintenance were to come up it would be out of pocket. This is still the best deal I’ve found so far. Would I be crazy for going through or is it reasonable?

Happy to add more details as requested. It’s a 3/2.5 2200 square feet with two flex areas.