[Calc Review] Help me analyze this deal

[Beau Garrett]

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[Jaysen Medhurst]

@Beau Garrett, this looks like a flip. Was sold for $74k about 18 months ago. What do comps the comps say about ARV?

As far as your analysis:

• Repairs and CapEx are low. I like to use 15% combined. I realize this is recently renovated, but over time it all evens out.
• Management will likely be 10-12%.
• Garbage should be paid by the tenant.

My one major worry would be your estimated rent. I don't see any rental comps nearby. The closest are East of I-24 or South of 155. Not sure those support $1800/month. Similar houses look to be in the $1400-1500 range. If that's market rent, this deal is a no-go. You'll be lucky to break even.

If you can get $1800, I think your cash flow will be closer to $200/month. That's still very solid, ~10% CoC ROI. As long as you get a great tenant in there, should be a pretty easy property.