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Updated over 5 years ago,
Help me analyze this deal - Expense % mistake?
*This link comes directly from our calculators, based on information input by the member who posted.
Hi Everyone,
I'm a newbie here and trying out the analysis tools. There are 2 homes on 1 lot. 3/2 and a 2/1. Seller is asking $439,000. The numbers didn't look good at all, so I reduced it to $415,000. Is it possible my expense % are off for this CA market? Property is in Chico, CA. I tried going to Rentometer to figure out rents, and it came back pretty low at $2360 for both units. After going to Craigslist, I raised rents to $3100. The numbers still aren't profitable. Thanks very much for your feedback!
~ Adam