[Calc Review] Help me analyze this deal

[Luis Bermudez]

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

[Brendan F. Nagle]

Positives- conservative numbers for vacancy, prop mgt. and repairs. If FHA you will have to live in the home for a defined time. Less rental income at that time. You can use BP calc to figure out costs during the holding period. Positive cashflow and conservative expenses should keep you profitable.

Cons- You will be 10k+ in the hole with your 20k repairs for only 10K in value. That could be a deal breaker for me with limited top end value. Maybe it can be figured out, maybe not.

My thoughts- Save some money to do 20% down, get rid of PMI. Double check the Rehab budget to make sure you won't over pay or over rehab. See how the numbers work for you then. Should be nice CF with limited capital in it.