SFH foreclosure buy and hold deal analysis

[Jai Deva]

Foreclosure SFH listed for 60k in B neighborhood. Rent: 900/month Upfront expenses -20% down= 12000 -repairs=25000 - closing cost=5000 - $450 tenant acquisition Total= $42450 Monthly expenses -P&I= 218 (3.6%interest) -taxes=116 -property management-115 - vacancy=90 -repairs-90 -cap ex=45 - insurance=60 -pest control=30 Cashflow:$136 I am aiming for >$100 cashflow in good areas of the town so this fits. I am not too happy about the upfront cost but unless I find a better property within a month, I might take this deal. Thanks a lot !