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Updated almost 6 years ago, 12/25/2018

User Stats

80
Posts
14
Votes
Jared Smith
  • Rental Property Investor
  • UT
14
Votes |
80
Posts

Analyzing a deal on my first rental

Jared Smith
  • Rental Property Investor
  • UT
Posted

Would love some feedback on a property I just put an offer on:

$130000 price tag

Putting 25% down

Taxes are $1676

Has an adjacent dwelling on it so the total gross rent income is $1450

Property Manager is charging me 10%. No tenant placing or vacancy fee.

The home is in great shape with tenants already signed for 9more months.

5% of monthly cash flow for maintenance.

interest rate is at 5.375%

Am I ignoring something?

I feel like this deal is gonna cash flow about $460

Would love to find out if I missed the boat somewhere..

Thank you!

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