[Calc Review] Help me analyze this deal

[James H.]

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[Guifre Mora]

Originally posted by @James H.:

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

 Hi James, quick question your evaluation on a rate of 2.75% for investment has been already pre-approved? If so great and good job today's rate is over 3%. Is the property vacant? if so you need to account for holding costs until the units are rented.

Monthly costs on utilities should be passed to the tenants this is a killer for your investment. If a tenant runs the water 24/7 might as well sign a blank check. Remove those expenses and its a better deal even if you finance it at a higher rate. 

Other than the mentioned above as long as the property appraised as-is its a good deal.