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Updated about 17 years ago on . Most recent reply

Gary Dayton's profile image
Gary Dayton's profile image
Gary Dayton
  • from Spokane, Washington
  • Member since Jan 7, 2008
Connect

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69
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Gary Dayton's profile image
Gary Dayton's profile image
Gary Dayton
  • from Spokane, Washington
  • Member since Jan 7, 2008
Connect
Gary Dayton
  • Spokane, WA
3
Votes |
69
Posts
Real Estate Deal Analysis & Advice

Need help with analyzing deals....example given.

Gary Dayton
  • Spokane, WA
Posted

Soooo. I was looking at some listings. I came across a 2bdrm 2 bath for 203,900. Similar properties in the area are selling for $300K and up. It needs a new kitchen, dual pane windows, carpeting/laminate, bathroom suites and interior painting. The area seems a good place to commute from but it only has 4k people. Can anyone run me through the 'is it profitable' formula so I can see how it works please?

Thanks in advance
Gary

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