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Updated about 8 years ago on . Most recent reply

User Stats

93
Posts
20
Votes
G Pyros
  • Investor
  • Anderson, SC
20
Votes |
93
Posts

SFH Monthly Math (Excel)

G Pyros
  • Investor
  • Anderson, SC
Posted

Hello all, 

I put together a spread sheet to analyze a potential home. The home is built in 1997, 75k list price but I have the negotiated 70k with 5k to fix (carpet, paint and general clean up) Rent goes for around $950/month. With 20% down, I am getting a 9% ROI cash on cash. I do not think this is very appealing myself.

What am I missing in the numbers? Would you take this deal?

Most Popular Reply

User Stats

1,032
Posts
116
Votes
Sean Tarpenning
  • Turnkey Investment Provider
  • Kansas City, MO
116
Votes |
1,032
Posts
Sean Tarpenning
  • Turnkey Investment Provider
  • Kansas City, MO
Replied

Try an area with less expensive taxes. Taxes are a cash flow killer!

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