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Updated about 10 years ago on . Most recent reply

Analyze sfh
I got an offer accepted at 66,000 for a sfh 4 bed 2 full bath. I estimate about 10k to fix it up. Rent will fetch 1000-1100 per month. Taxes are 2500 per year. I am putting 20% down at borrowing rate of 4.625. Does this seem like a good buy and hold?
Most Popular Reply

Be sure to include all expenses. Besides, taxes, you have insurance, management, maintenance, capital reserves, and vacancies. I estimate the total to be $6,300 to $7.780.
Based on your loan rate I would want a cap rate around 7.625. Based on this it would not be a deal for me at that price.
Good Luck.
Bill