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Updated over 5 years ago,
Help me analyze this deal! Spanish Fork UT
*This link comes directly from our calculators, based on information input by the member who posted.
So I am a college student about to get married looking for a house to live in. In Utah, it is really hard to find a deal that will cash flow, so I'm looking for a deal that will allow me to pay less than I am renting right now. I am currently paying $400 a month and married housing costs from $700-$1000. I would be decreasing my rent expense by a lot by buying this house that I would have someone co-sign with more for.
I would have the tenants pay for electricity, and water & sewer. Should I have them pay for garbage as well? I included $60 on my part for garbage since that's kind of a fixed cost that doesn't depend on how much tenants use it.
Asking price was $229900 and this report has the number at $210000. Let me know what you guys think!! This is my first home buy.