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Updated almost 9 years ago on . Most recent reply

User Stats

75
Posts
40
Votes
Andrew R.
  • Rental Property Investor
  • Santa Barbara, CA
40
Votes |
75
Posts

My first deal, Thoughts?

Andrew R.
  • Rental Property Investor
  • Santa Barbara, CA
Posted

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. 

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