Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

196
Posts
70
Votes
Austin Works
  • Investor
  • West Monroe, LA
70
Votes |
196
Posts

Is this a good deal?

Austin Works
  • Investor
  • West Monroe, LA
Posted

I have come across the opportunity to buy a town house for $74,000, that recently appraised for $115,000 & rents for $900 monthly.The property is in great condition and needs no repairs at the moment. It has tenants already that have been renting for over a year. There are no HOA fees. Financials below - I'm just not sure how much I should realistically be aiming to make off of each pro

Mortgage 465
PMI 0                
Insurance 32                
Taxes 64                
Vacancy 45                
Cap Ex 90                
Maintenance 45                
Property Manager 0                
Total Exp. 741                
Income
Monthly Rent $900                
Annual Rent $10,800                
Cash Flow
Monthly Cash Flow $159              
Annual Cash Flow $1,908              

perty. This property cash flows $160 monthly based on my projections.

Loading replies...