A deal in Portugal (Algarve)

[Juan Correia]

I have an opportunity to buy a house (single family, 3 bedroom, 3 bathroom) house.

The location is great, however, i think it needs a lot of work.

Crunching the numbers:

Asking Price: 300.000K

Rehab - estimated cost: 90.000K

Estimated ARV - 430.000 K

Some photos for your analysis:

Closing costs: 15.000 K

Estimated rental value after repairs: 25.000K per year.

What do you guys think?