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Updated about 6 years ago,
Analyzing a deal on my first rental
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!