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Updated almost 7 years ago on . Most recent reply

User Stats

32
Posts
8
Votes
Mike Ipsen
  • Everett, WA
8
Votes |
32
Posts

[Calc Review] Help me analyze this deal

Mike Ipsen
  • Everett, WA
Posted

View report

Looking for my first properties. Value has drawn me to Harrisburg, PA. What am I missing on this one? No kid gloves required, please pick it apart. 

Most Popular Reply

User Stats

4
Posts
2
Votes
John R.
  • Mechanicsburg, PA
2
Votes |
4
Posts
John R.
  • Mechanicsburg, PA
Replied

Sorry, I missed the link to the deal report.  I agree with everything Ben said.  The deal is not terrible, but not great.  I personally think the asking price is a bit high for that part of town.  A lot depends on your financing as well.  Your loan terms for 30yr @ 4.5%... where are you sourcing that loan from?  It looked like an owner finance deal, so those terms surely aren’t right if that’s the case.  My gut tells me your p&I will likely be higher, but you know your terms better than I do.

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