[Calc Review] Help me analyze this deal

[Stephen Johnson]

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

[Trent Stone]

So, my first thought is something is wrong with it unless it's in a war zone, your cap rate should be closer to 6% right now in the DFW area (maybe 7% if you are lucky and found a great deal). With the NOI you provided, your purchase price should be closer to $350,000. 21,418/.06 = $357,000.

Get an inspection, make sure you don't need any major repairs and scrutinize the rent roll. I'd ask for the sellers disclosures before you sign anything and make sure you include an inspection period if you need to back out so you don't lose your EM deposit. 

Let me know if you need anymore help, good luck!!