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Updated almost 8 years ago,
Deal analysis Help , Single family in GA
Need your help on analyzing a deal . I am a buy and hold investor , dealing with SFR's in the Atlanta area.
I am going under contract for a property in Smyrna , GA, Zip code 30080 .
Here is the short story (The long one can be found below in the link to the complete deal analysis).
Property Price : 93K
Monthly costs are around 550$ (30 year mortgage+ Tax+Insurance)
Estimated Rent : 1050
Down Payment: 20% (18,600+ Closing costs , minus 1500 seller contribution)
Complete report can be found below , added fixes and vacancy costs to the report.
https://www.biggerpockets.com/buy_and_hold_results...
As a buy and hold investor , would you go for this deal ? To me it looks solid, but I want to get some more opinions.
One more detail: I am buying this house for its full retail price, the price being paid is what its worth on the market.
Thanks!