[Calc Review] Help me analyze this deal?

[Julie Desautels]

Hi Everyone! 

I am attempting to analyze my first deal, and I am looking for feedback. This home is for sale for 15,000. The rents in the area are 500-600 for 2 bed 1 baths. 

I added in about 10k for repairs. I figured laminate floors throughout (800sq feet) and new paint. I would also want to repaint the cabinets in the kitchen and put some new handles on them to fix them up a bit.

My return still seems pretty low. From what I have read, you are looking for more of a 10% or higher return. With this report, I am looking at about 8%.

Anything I am missing? Any advice?

Thanks in advance, look forward to hearing from ya'll!

View report

*This link comes directly from our calculators, based on information input by the member who posted.