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Updated almost 9 years ago,
Multiple Offer Situation - B Area. Worth It At These Numbers?
Asking price is 110k. To submit best offer by tomorrow. I can see the place tomorrow but looking at the numbers don't think it's a good deal. Without seeing the inside, I put repairs at 15k. They will accept conventional so I figure it shouldn't need a ton of work b/c it is livable condition. CCR is low. Cashflow I'd like to see at 200+ but the area is decent. Have any of you taken less for a decent area? Homes in the area on realtor.com are as low as 90k to 300k+ They have a homestead every year making their taxes 744 but I looked at the appraisers site to see what it'd be without and that is what I used below (1663). I figure they won't accept less than 110 and would probably accept 120, which is why I used that in the analysis.