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Updated almost 8 years ago,
SFH First Offer Analysis - Philly
Hi all - I'm looking to make my first offer on a SFH in Philly. It's a B house in an A neighborhood. This will be a buy and hold investment although I am including sales expenses to get an idea of the full ROI.
Any feedback is appreciated!
High Level Summary
Holding costs = 2 months mortgage payments
Comps
Income
Rental comps showing a range of 1500-1800+ / month. I'm estimating ~1700 here.
Expenses
Repairs
Returns
For a conservative estimate I've not included any anticipated appreciation. Included a sales cost of 9k + 6% sales commission.