First time Analyzing a property

[Adam Weitzel-Leishman]

Hey All,

I recently watched the webinar on analyzing a property, so i thought i would give it a go in realtor.com. The property is close to where i live, but looks like needs a good ol' renovation before being ready, so i thought i would give the BRRRR calculator a go.

The property is here; https://www.realtor.com/realestateandhomes-detail/...

Here is the calculator; https://www.biggerpockets.com/brrrr-calc/550487

My questions are - how far off was i? And also - the taxes look like they would be more than the P+I payment after the refinance, is this normal in some areas/properties? It looks to me like it would be a terrible deal even with the low cost of the home, unless i'm incorrect in some of my estimations.

Thanks! (And feel free to call me a complete moron after seeing the info i put in the calc! Ha)