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Updated almost 8 years ago,
advice on an investment purchase
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