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Updated almost 14 years ago, 01/19/2011

Jack Srimani's profile image
Jack Srimani's profile image
Jack Srimani
  • Real Estate Investor
  • from roscoe, Illinois
  • Member since Jul 25, 2009
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User Stats

131
Posts
8
Votes
Jack Srimani's profile image
Jack Srimani's profile image
Jack Srimani
  • Real Estate Investor
  • from roscoe, Illinois
  • Member since Jul 25, 2009
Connect
Jack Srimani
  • Real Estate Investor
  • roscoe, IL
8
Votes |
131
Posts
Real Estate Deal Analysis & Advice

Is this property worth pursuing?

Jack Srimani
  • Real Estate Investor
  • roscoe, IL
Posted

Hi,
I am trying to buy a townhome for 40000 dollars. The rent around the area of this kind is 800.
Tax is 2600 and insurance I am guessing is 500 dollars. I am getting a rate of (25 percent down) 4.3 percent for 15 years.
I would like to know if this is a good deal worth pursuing. I appreciate any feedback.
My desired cap rate is 10-15.
Thanks

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