Solid Property based on the Numbers?

[Brett Michael]

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!

[Chris Seveney]

Quote from @Brett Michael:

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!

 Maybe.

What is the deferred maintenance? Was the property completely renovated or will it need new roof and windows and HVAC system in 3 years? Is it a rentable area or will you have months of vacancy? Number wise it does not look bad but this is with such limited information I would not go off of an opinion based on info provided.