Help analyzing 1st deal

[Brett Wagner]

3 units on 3 acres. For all 3, $115,000

2 mobile homes

1 SF

Both mobile homes are owner-financed:

Unit 1 $800/mo. till 2024

Unit 2 $612.91/mo till 2031

The single family home has been gutted and is not livable.

The ARV of the SF is approx. $115,000.

I’ll put down 20%. Currently the occupants of the mobile homes are paying for all expenses due to being owner-financed. I estimate my cash flow to be roughly $350-$400/month. This of course would only be for 5 years as unit 1 would then be in occupants possession.

I would do most of the work on the SF to get it rentable or flip it within that 5 year period.

What do you guys think?