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Updated almost 6 years ago, 01/29/2019
Please help me take a look at this deal (3 rent scenarios)
I'm looking for help to assess a single family 3b2b home as investment property (built at 1900, renovated 2017).
The asking price is 139900, For monthly rent I'm analyzing 3 scenarios: based on what I see on zillow the typical rent for 3b2b with good condition is mostly $1450-$1500, with some asking $1700, so I ran 3 reports with $1200 (worst), $1450 (expect), $1600(optimistic) scenarios.
I assume repart,capEx,vacant 10% each, and management fee 11%.
Are the assumptions reasonable? Any suggestions about the property being an investment option? Am I exploiting myself if I take the asking price, or it would be a better idea just to bid low first and see if the deal can be more attractive?
Thanks.