[Calc Review] Help me analyze another Arlington, TX deal

[Anthony Heatley]

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Good evening BP,

If I were to buy this property, I'd use a 203K loan. I checked rentometer and saw that I could comfortably get $1,000 per door here. All things considered, I wouldn't call it a great deal. I'd get a $170 discount on my rent though. It's in a good location. Near markets and restaurants. It's also 3 miles from UTA.

I'm hoping you can give me some feedback and tell me if I fudged on the numbers somewhere. The owner is asking $305,000 for the property so I doubt he'd accept $210,000 due to its good condition. The only place I could imagine adding value is the landscaping. Maybe update the cabinets and paint, but I don't know how much value that would really add.

I'd appreciate any feedback or suggestions. Thanks!