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Updated over 9 years ago, 06/07/2015
Newbie Requesting Help Analyzing first SFR purchase
Hi all! Would love to hear (read) your thoughts on this potential deal:
SFR - excellent neighborhood, excellent schools, 2/2, 1032 sf, built 1998
Currently rented for $825/mo, (lease ends 10/2015), no "make-ready" costs
taxes = 1798 / year
Prop management = 792 / year
financing = 17,000 down 68,000 30 yrs @ 4.5%
comps in neighborhood sold recently 83k - 119k
What do y'all think?