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Updated over 8 years ago,
My first deal, Thoughts?
Thanks in advance for any opinions on this deal: Single fam home in Kansas City, MO (outer residential neighborhood). 3 bed/2 bath, 1960s construction but recently rehabbed as a turnkey property.
105K, rents for 1150/month. Financed with 30 yr-fixed mortgage at about 4.5%, with 20% down payment. I have a quote for a 7% prop mgmt fee from a reputable company. I estimate 1500 in taxes and 600 insurance per year, based on comps.
Opinions? Thank you.