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Updated about 10 years ago,

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

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346
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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
Posts
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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