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Updated almost 8 years ago,

User Stats

43
Posts
12
Votes
Tyler Smith
  • Real Estate Agent
  • Milwaukee, WI
12
Votes |
43
Posts

advice on an investment purchase

Tyler Smith
  • Real Estate Agent
  • Milwaukee, WI
Posted

Hello Group,

I am looking at an investment property to purchase and wanted to run the numbers by some experienced investors.  

 - purchase price:  $300,000

 - The property generates $37,500 in gross rents, taxes are $7500, insurance is $2180, utilities were $3655 in 2015 and repairs were $355 in 2016.

I would be able to put the 25% down for an investment property.  I am thinking this is a no brainer but am I overlooking anything?

I look forward to feedback from the group.


Tyler

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