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Updated 2 days ago on . Most recent reply

Brett Michael's profile image
Brett Michael's profile image
Brett Michael
  • from Arlington , Tn
  • Member since Apr 6, 2018
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Brett Michael's profile image
Brett Michael's profile image
Brett Michael
  • from Arlington , Tn
  • Member since Apr 6, 2018
Connect
Brett Michael
  • Arlington , Tn
1
Votes |
8
Posts
Real Estate Deal Analysis & Advice

Solid Property based on the Numbers?

Brett Michael
  • Arlington , Tn
Posted

Investment property about 6.5% for a 30yr mortgage. 20% Downpayment.

Mortgage would be $1600. Downstairs rent could go from $1500-$1750. Upstairs (separate space with kitchen would rent for $500- as I already have someone lined up for it.

Purchase price about 230k. So, after closing costs I would need roughly 55k cash to bring to the table. 

Would like to know if this is even worth it? Thanks!

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