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Updated about 6 years ago,
[Calc Review] Help me analyze this deal
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Hello Bp,
I have this house I am going to look at near me. This is with conservative rent and after 10,000 in repairs which I am sure and have visited the property with a inspection will cover it. Who you take this deal as your 1st investment? They are asking 190,000 but property is being foreclosed on and was extended to March. Rent could bump to 1,700 and the 5% on vacancy, fixtures, and cap ex is after all repairs. House built in 04. I will be self managing this property as well.
Let me know. I would love to hear your thoughts!
Ryan