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Updated over 6 years ago on . Most recent reply

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Paul Pereira
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[Calc Review] Help me analyze this deal

Paul Pereira
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Most Popular Reply

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Blair Poelman
  • Real Estate Broker
  • Provo, UT
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Blair Poelman
  • Real Estate Broker
  • Provo, UT
Replied

Without knowing more about the property there's not a lot of specifics that we can really get in to.

I will agree with what has been said about closing costs - seems a little bit  low.  You can reasonably expect around 2% for loan costs, plus title / attorney cost of another couple hundred bucks. 

I will also put this out there - purchase price, rehab, and ARV numbers look out of whack. You're in 132k but value of 125k. Might want to look at that ARV again and make sure you're in a good position on value. A 15k budget on a 115k house seems pretty low to me. I recommend you do a bit more homework before you pull the trigger.

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