House Analysis

[Sol Bergren]

1. Hey guys, I'd appreciate any feedback/thoughts on this house, thx!
2. Purchase Price:  345,000              (342,500 +2500 repairs)
3. Downpayment:   20%
4. Rent: 2300 monthly                       (Conservative Market w/o utils)
5. Financing: 30yr @ approx 3%
6. Property Tax: 2280
7. Insurance: 1010
8. Yearly Maintentance: 1000
9. Closing Costs: 3300
10. Mortgage Payment: 1146

1. Return w/ outsourced PM and 7% vacancy:
2. Cash ROI: ~8% annually
3. Mortgage paydown+ cash ROI:  ~15.8%
4. House is in good shape, in mature neighbourhood, house build in the 50's.
5. Thoughts?? thx!