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Updated over 12 years ago on . Most recent reply

Richard C.'s profile image
Richard C.'s profile image
Richard C.
  • from Bedford, NH
  • Member since Jul 18, 2012
Connect

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Richard C.'s profile image
Richard C.'s profile image
Richard C.
  • from Bedford, NH
  • Member since Jul 18, 2012
Connect
Richard C.
  • Bedford, NH
1,614
Votes |
2,011
Posts
Real Estate Deal Analysis & Advice

Please evaluate this small SFR first deal

Richard C.
  • Bedford, NH
Posted

Hello Everyone,
I’m new here, my past real estate purchases and remodels have been for my primary residences. I wondered if anyone could take a quick look at this deal, and let me know what you think?

VA Vendee financing, 30yr, 4%.

Purchase Price 37,500
Down Payment 1,875
VA Origination Fee 2,500
Seller Paid Costs 1,125
Move-in condition.

(month/year)
Rent 850/10200
Vacancy @ 10% 85/1020
Est.Gross 765/9180

Taxes 100/1200
Ins 73/876
Maintenance 100/1200
Subtotal Exp 273/3276

NOI 492/5904
Debt Service 150/1800
Cash Flow 342/4104

What do you think? Is this worth getting into?
Thanks for your time and knowledge.
Rich

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