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Updated over 9 years ago,

User Stats

66
Posts
10
Votes
Kevin Booker
  • Flipper/Rehabber
  • Richmond, VA
10
Votes |
66
Posts

Will this be a good rental investment?

Kevin Booker
  • Flipper/Rehabber
  • Richmond, VA
Posted

I'm fairly new to the whole rental side of investing so I'm a little confused. I have a deal that I came across a 4/2 1400sf SFH in a desired section 8 area that would rent for around 1k- 1150/month, purchase price would be 66.5k and taxes would be around 1200 annually with no more than 2500 rehab and ARV at 80k. Is this a good cash flowing deal? How is this calculated. If so what would be the max I could pass it to an buy/hold investor for?

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