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Updated over 8 years ago,

User Stats

75
Posts
24
Votes
Courtney Downtain
  • Rental Property Investor
  • Spring, TX
24
Votes |
75
Posts

Potential SFH turnkey property. I need help evaluating!

Courtney Downtain
  • Rental Property Investor
  • Spring, TX
Posted
Hi BP team I came across a single family in the north houston area and I'm thinking about making it my first purchase as a turnkey rental. I have had analysis paralysis too long and I need to act! I would love some advice on if this is a good deal or not. Here are the details: Asking price: $125,000 Sq ft: 1,197 Bed/bath: 3/1.5 Property tax: $725 Insurance: $800 Down payment: $10,000 Calculated mortgage: $889 Desired rent rate: $1,100 Cash flow: +- $200 If anyone could analyze the numbers and let me know what they think I would be so grateful! Like I said, I am ready to step up from the sidelines and get in the game but I don't want to make a horrible decision. I appreciate any help I can get! Thanks :)

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