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Updated over 5 years ago,
[Calc Review] Help me analyze this deal - ready to put an offer
*This link comes directly from our calculators, based on information input by the member who posted.
This will be my first rental unit.
This is a REO and crazily this is a move-in ready 2 bd/2ba condo. The condo fees are high $350 but it should offset most of the capex cost.
Rentals in this area go for around 1600 - 1800.
Based on my numbers with 20% down conventional loan it will cash flow around 160 - 175 per month.
Because this is not a BRRR approach it does not make sense to use private lender or does it?
Should I make an attempt?