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Updated about 6 years ago,
Can someone with experience help me evaluate this deal?
I have an opportunity to get a SFR for 45k that is in a rough area but newly renovated with new hvac, water heater, and roof. rent should be 750 per month, taxes 650, ins 900. assuming 35% for capex and repairs and 10% for PM. assuming 8% vacancy factor and 5% leasing. I have a spreadsheet with everything broken out and my COC is 5.72. I have a spreadsheet breaking everything down but can someone help me with this analysis? Thank you for the help.
Bryant