Trying to crunch the #s [Calc Review] Help me analyze TX Property

[Jason Toledo]

View report

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

[Greg Miller]

First thing I would do is get a real estate agent to run a CMA report for you. This will show all of the current and sold like properties in the immediate area. This is the best way to find the true ARV. Work the equation backwards. Get a contractor to provide a firm bid for the repair costs. Calculate the net profit you would like to receive. In the end, you will know the maximum you can pay for this single family house.

My one caution is single family houses with pools really limits the amount of buyers.  Their is a lot of maintenance with pools that most buyers do not want to deal with, so they do not look at these properties.