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Updated over 9 years ago,
Orlando Duplex Rental
Hi Biggerpockets members! I've been reading the blogs the last 6 months and am now excited/scared to buy a rental property in Orlando Florida.
Here is the link:
http://www.zillow.com/homes/1206-S-Lee-Ave-Holden-Heights-Orlando-FL-32805_rb/
Please help me analyze if this is a good deal or not and whether it is a good area.
Purchase Price $105k
Downpayment 25%
Currently rented at $1300/month
Property Tax $74
Insurance $60
Management Fee $100
Repairs/Maint 65
Mortgage $410
I am seeing a monthly cash flow of about $200 but I am not sure about the area as I live out of state. Appreciate all your help!
Thank you,
Lourdes