[Calc Review] Help me analyze this deal

[Jeff Ostrander]

View report

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

This is my first time to purchase an off market deal that I believe is below market value. It also is currently renting at below value at $1850 a month which I could start renting at $2000 without doing any improvements. I believe with a little updating with paint I could get at least $2100. It's in an area that is being revitalized that I believe will continue to appreciate nicely.

[Tim Herman]

@Jeff Ostrander The analysis looks okay. Is garbage included in water and sewer? PM with fees usually is 10 % or greater. Why aren"t you using a 30 year amortization schedule? Cash flow will be better. The object of having tenants is for the tenants to pay your mortgage.