7th purchased. Greenwood,indiana

[Gabe G.]

Purchased number 7 in older neighborhood in Greenwood,indiana. Home built in 1958.

Details

3 bed 1 bath 1000 sq ft.

New paint,new carpet, new furnace. Some deferred maintenance, roof will need replaced in the next few years.

Purchase price $56250 

30 yr fixed at 4.75

25 percent down $14062.50

P/I 220.02

Rent $875

Cash flow using 50 percent rule $217.48

Opinions?

Thank you