Buy & Hold?

[Account Closed]

Hello once again.

I found a SFH, that might be something i might be interested in for my first deal. Would you mind please sharing with me your thoughts on this?

I don;t see it as a big win, but this could potentially be my first deal.

Here are the numbers:

Asking price - 199,900
$20k down payment

Closing costs $2500

Prop Tax / Insurance / Utilities are approx $600 Month

Mortgage payment - $895.00

Currently rented for $2500/mo

Doesn't require any immediate repairs so i have repairs listed as $5k

Holding costs 0.00

Interest rate 4.5% over 30 yrs

I see $1,000 a month in positive cash flow after mortgage and expenses.

Am i missing something? Is there more to this that i am not thinking about?

Any and all input is appreciated.

Dave