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Updated about 5 years ago on . Most recent reply

User Stats

14
Posts
9
Votes
Ricky Nigro
  • San Jose, CA
9
Votes |
14
Posts

[Calc Review] Help me analyze this deal

Ricky Nigro
  • San Jose, CA
Posted

View report

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

Hi folks!

Terrified of my very first deal, would really appreciate your input! Its a nice SFR, B-/C+ area. Deal is from a fellow well known BPer. It's probably not the best deal in the world and my offer was for his asking price.  I want to learn, I want to get in this.  Numbers work so what do you think?  3 bedroom 2 bathroom, Section 8 tenant in place.  Property is very clean inside and out, looks like the tenant takes care of it.

Appreciate your advice!

Most Popular Reply

User Stats

235
Posts
150
Votes
Joseph A.
  • New Rochelle, NY
150
Votes |
235
Posts
Joseph A.
  • New Rochelle, NY
Replied

@Ricky Nigro I wouldn't touch this deal because the cash flow does not meet my requirement nor does a 4% return excite me. I would offer a lower amount or keep looking for another deal. 

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