Buy & Hold property analysis

[Ali Samana]

Hello,

I am not into buy and hold, but would like to get into it. Knowing that, I had a realtor call me about a possible deal he considers a good cash flow property. Here is the broad (numbers) overview.

The property is waterfront and its ARV is 180,000. The property can be picked up for 115,000. It needs a minimum of 25k in repairs (almost a complete gut out).

So, I would be out of pocket about 45k and have a mortgage of about 850 (guestimating PITI) and I would be able to rent it for 1600. Would you even consider this deal?