[Calc Review] Help me analyze this deal

[Anthony W.]

View report

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

[Rashaun Forrest]

The numbers tell a story. For this little investment if you can get that return then I would go for it, there is little capital involved. Just beware when you open the walls you open a bag of worms that many times need to be addressed if you are pulling permits(and I would pull permits, if you don't and something happens it would be gross negligence which may pierce the veil of protection of an llc, or void an insurance policy). A house for 10K may be a bargain or a money pit, get a very very through inspection before you even consider it.

The low tax info, high vacancy allocation, etc tell me this may be an area of some concern. 

Have you visited the site personally? I would make sure it is an area that rents fairly easily and there are other rentals nearby that haven't been posted for more than a month. If you see alot of vacancy around the property there may be a reason for that. If the area is sub-par, I personally wouldn't do it unless you have a section 8 tenant and a solid local property manager that can assist with any compliance issues.