Need help analyzing deal in Orange County Area

[Jason W.]

Hello, I am a novice real estate investor and looking for some feedbacks for this current SFH deal in Orange County, California area.

• Purchase price - $815000, 20% down
• The property has one of the lowest price tags in the community.
• Will be used as a rental property after purchase.
• Cash on cash return ~ 1% per year.
• It's very difficult to get positive cash flow in this area.
• Rental Property Calculation

My hope is to wait for the property's value to increase since the comparables in the neighborhood are all above this price.