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Updated over 10 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
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Gabe G.'s profile image
Gabe G.'s profile image
Gabe G.
  • from Greenwood, Indiana
  • Member since Oct 24, 2013
Connect
Gabe G.
  • Greenwood, IN
93
Votes |
346
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Real Estate Deal Analysis & Advice

rental number 5 analysis

Gabe G.
  • Greenwood, IN
Posted

Bought rental number 5 SFH. house is 3 bed 1 bath, located in beech grove, here in indianapolis, decent schools, good area.

Purchase price $47500

35600 loan at 4.6 percent at 30yr

11900 down

currently rented at $800 a month

House needs a few things, but nothing big.

Expenses using 50 percent rule $400

P/I payment 182. NOI $218

Any comments?

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Justin Owens's profile image
Justin Owens's profile image
Justin Owens
  • from Indianapolis, Indiana
  • Member since Sep 18, 2014
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Justin Owens's profile image
Justin Owens's profile image
Justin Owens
  • from Indianapolis, Indiana
  • Member since Sep 18, 2014
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Justin Owens
  • Indianapolis, IN
18
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64
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Justin Owens
  • Indianapolis, IN
Replied

@Gabe G. Hoping Gabe pops back in here to answer all the great questions we had. 

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