2nd Deal analysis. Don't hold back

[Luwani N.]

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

I am basing these numbers on typical life-span of big ticket items, since there are no records of pulled permits on anything from the year it was built. The seller is asking about $63k; however, it has been appraised recently to be worth $40.5k.

It has been on the market for nearly an entire year, as well, so maybe I can ask for less? What do you guys think of it?

I believe it will need:

• Roof
• Water Heater
• Appliances
• HVAC
• New Floors
• Plumbing
• Paint
• Cabinets/Counters
• Landscaping (which is not very much)
  

It is near a college so I was also considering renting it by room as well.