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Updated almost 6 years ago,

User Stats

26
Posts
6
Votes
Charles Wang
  • Denver, CO
6
Votes |
26
Posts

First Deal! What do You ThinK/

Charles Wang
  • Denver, CO
Posted

View report

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

The average rents in this C neighborhood for a 2-1 and 1-1 are 1600 total which are currently renting at 1200 which we would raise each unit $100 each after the tenants move out.  The roof is 5 years old and there are only AC wall units so capex should be low.  We are under contract at $100,00 and I will be going to look at them during the inspection.  Most of the comps for the area for 3-1 single family 1k sq ft are around 140k so I think we are buying at the right price.   Any advice for a first timer during an inspection?  Is this deal worth it?  Thanks!

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