Deal Analysis Requested. Novice looking for advice.

[David Humphrey]

Hello BP,

I've got an offer in on a deal currently that I would like some numbers looked over.  If possible.  Here's how it breaks down:

It's a 4br/1.5ba in Akron Ohio with 1700 SF

$22,500 Purchase price, offer at $18,500.

$10,000 Rehab Costs (Mostly cosmetic, update bath, some front porch repair)

$1200 Carrying costs for 6 months

$70-75k ARV based on similar but smaller home sales in the neighborhood in the last 4 months (4 sales)

I would be coming at this with all cash.  The numbers look great, but any advice would be greatly appreciated.

Also, I'm new to the forums and would like to thank everyone for the warm response!  Thanks.

Dave

[David Humphrey]

Hey @Crystal Smith .  Great suggestion. Alternate "exit" strategy on this property would be to keep it as a rental.  A 4/2 rental in that area is rather uncommon so I believe it would be at $800-825 a month.