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Updated over 4 years ago on . Most recent reply

User Stats

66
Posts
9
Votes
Juan Rosado
  • Real Estate Investor
  • Dallas Fort Worth, TX
9
Votes |
66
Posts

[Calc Review] Help me analyze this deal

Juan Rosado
  • Real Estate Investor
  • Dallas Fort Worth, TX
Posted

View report

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

This is something I don't understand. The table on the bottom says that If I were to sell this property in 4 years I would only be making $3k? I don't understand. If the property value in four years is $176,864 and the loan balance is $91,178 shouldn't I would be making $85,686 ($176,864 - 91,178 = 85k) if sold?

Most Popular Reply

User Stats

967
Posts
383
Votes
Kirk R.
  • Peoria, IL
383
Votes |
967
Posts
Kirk R.
  • Peoria, IL
Replied
Originally posted by @Juan Rosado:

View report

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

This is something I don't understand. The table on the bottom says that If I were to sell this property in 4 years I would only be making $3k? I don't understand. If the property value in four years is $176,864 and the loan balance is $91,178 shouldn't I would be making $85,686 ($176,864 - 91,178 = 85k) if sold?

 looks like a horrible deal. 

youre purchasing for $112k.  then you are putting $40k in fix ups.  so $152k.

Th After repair values (ARV) is $130k. You're behind $22k to start.

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