First time analyzing a deal!

[Dylan Tettemer]

Foreclosed house being sold at $179K 4 bedroom 3 bath it's been on the market for almost a year now so I was thinking I could get it at $160K. The house was built in 1987 and it could use a good bit of work. Here are the numbers: Purchase price: 160,000 Closing Costs: 1,900 Holding Costs: 1,800 ( 2 months) Estimated Repairs: 20,000 Down payment: 32,000 Mortgage Payment: $589 Total Expenses: Mortgage $589, taxes $379, insurance $67, vacancy 5% ($130), repairs 5% ($130), capex 10% ($260), PM 10% ($260) total = $1,815 Rent: 2,600 Cash flow: $785 Yearly cash flow: $9,420 CoCROI: 16.91% What do you think? Or do you need more info?