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Updated almost 6 years ago on . Most recent reply

User Stats

66
Posts
13
Votes
Savannah Lewison
  • New to Real Estate
  • San Diego, CA
13
Votes |
66
Posts

Please Help me analyze this deal

Savannah Lewison
  • New to Real Estate
  • San Diego, CA
Posted

Hello BP community,

Here is my property analysis of the day. Ideally, the tenants would pay all utilities but I've added them just in case. I added $30 a month for snow removal. Is this a reasonable cost to add for something like that? The rest of the numbers are direct from the seller. Rehab costs are estimated and would change upon receiving a quote. Pittsburgh natives, how's this area?

Thank you for any and all feedback and constructive criticism!

Savannah

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

Most Popular Reply

User Stats

67
Posts
53
Votes
Ben Smalley
  • Property Manager
  • Cleveland, OH
53
Votes |
67
Posts
Ben Smalley
  • Property Manager
  • Cleveland, OH
Replied

Seems like a lot of work for 7% cash on cash return. If that's what you're going for then I would buy stocks with high dividends. Renovating a place takes a lot of time and energy so you better be at least getting 10%+

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