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Updated over 6 years ago on . Most recent reply
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[Calc Review] Help me analyze this deal
*This link comes directly from our calculators, based on information input by the member who posted.
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Without a description of renovation, condition(appliance, AC, roofing) it is difficult to determine how you plan for $20K. With skyrocket lumber, flooring, paint price rises it does not go a long way. Two comments. 1. Your vacancy assumes 3% which is probably too low. 2. If your mortgage is that low, it makes sense to pay off quickly. The interest incurred is not worth it. This looks like a flip candidate than a rental. A location would help to evaluate better.
The rest seems to make sense. Good luck.
Sam Shueh