Please help me analyze this deal, thanks in advance.

[Jonathan Girard]

Good afternoon,

I found a property with potential, the interior needs painting and carpeting, the exterior will need a siding, possibly a new roof and some curb appeal upgrades.

According to Rentometer, $1,600 for rent is average. The one number that I really need your help on is the $77K at closing, how is that possible? I would put $33K down, closing costs at $4K, what am I missing?

Thanks in advance for your time and knowledge, I really appreciate it.

- JG.

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