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Updated almost 12 years ago on . Most recent reply

Gabe G.'s profile image
Gabe G.'s profile image
Gabe G.
  • from Greenwood, Indiana
  • Member since Oct 24, 2013

User Stats

346
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93
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Gabe G.'s profile image
Gabe G.'s profile image
Gabe G.
  • from Greenwood, Indiana
  • Member since Oct 24, 2013
Gabe G.
  • Greenwood, IN
93
Votes |
346
Posts
Real Estate Deal Analysis & Advice

3rd rental purchase, critique please.

Gabe G.
  • Greenwood, IN
Posted

Purchased my 3rd rental property in Indiana and got it leased up yesterday.

The numbers

Purchase price $42000

Capital put in to rent- $2000

ARV $50k

30 yr fixed at 5.25

Rent $745

Principal Interest 162.35

50 percent rule $372.5

NOI- $210.15 net per month

Area is an ok area. working class.

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