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Updated almost 6 years ago on . Most recent reply

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Penny Muniak
Pro Member
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Help me analyze this deal. I am new to using the calculator.

Penny Muniak
Pro Member
Posted

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

  • Penny Muniak
  • Most Popular Reply

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    Jon Crosby
    • Investor
    • Roseville, CA
    1,135
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    Jon Crosby
    • Investor
    • Roseville, CA
    Replied

    @Penny Muniak  Thanks for sharing!   Got lots of questions on this though.  :)  

    The house is listed $44,900 so not sure how you are pulling off the $30k purchase price and only 5% down?  Also, from the pictures I see a LOT more than $1000 in repairs needed.  Your rent seems low so perhaps you are going to just rent it 'as-is' and not do any rehab but you will reap what you sow on that as far as the quality of tenant you are going to get.  

    This property actually looks like it would do pretty well if you just rehabbed it and brought up the rents.  See below.  Good luck!    

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