[Calc Review] Help me analyze this deal

[Demareo Webb]

Hi 

I am new member to biggerpockets and I am looking into purchasing my first rental property. I wanted to make sure I used the calculator appropriately to ensure this is a good deal numbers wise. Any advice will be helpful.

Thanks in advance

dwView report

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

[Jim Goebel]

@Demareo Webb

Hi Demareo Webb

We are buying these types of properties when available when in a good area with solid macroeconomic outlook.  When you start getting close to that <$300 / mo cash flow amount, it's 'on the margin' enough that in my opinion your decision should hinge heavily on the long term outlook for the property value.  This of course is a art/science in and of itself - but some of the most important factors here include, quality of schools, diversity of economy, stability/functionality of political environment, etc.

For your first foray I think the best fit is something that fits the check-boxes listed above, but is also something where you can get some experience bringing value to the property.  If you're financing there are still opportunities to add value by updating something, etc.