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Updated over 8 years ago,

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2
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Marcus Fernandez
  • Mountain View, CA
0
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Hew Member - Need Help Analyzing Deal

Marcus Fernandez
  • Mountain View, CA
Posted

Hello,

I am a new member to bigger pockets. I've been listening to podcasts for a while and am starting to analyze deals in my area.  I'm hoping someone can provide feedback on the below deal. I especially need help understanding the expenses side of things (what if any repairs are needed). My goal is to generate strong monthly cash flow. 

The Deal:

Fresno CA area

Sales Price $155K

5 Bed, 2 bath 1,500sqft.

Has newer carpets, paints, appliances. (I'm estimating ~$20k for additional repairs and new appliances)

I think typical rents/room in the area are $600/mo. and hope to rent out all 5 rooms with 10% vacancy rate. (estimate found on craigslist...any other advice on how to estimate rents?)

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