[Calc Review] Help me analyze this deal

[Brock Bowen]

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

They are asking 94,500. We are trying to put this in the calculator but cannot seem to make this work with $100 cash flow even at half the purchase price. Is there something that I am doing wrong? This is a manufactured home. Any advice would be greatly appreciated. I don't know if my percentages for expenses are too high or what's going on. Thanks in advance!

[AJ Leman]

Your numbers look correct. The deal doesn't look that great...even at the half the price. You'll probably have minimal CapEx and repair costs if you fix things up after you buy it, but its still a good idea to account for those.

If you are looking for $100/door, I would pass. You could refinance and pull equity out if the ARV is really going to be 120k, but then your cash flow would be non existent.

Good luck!