1st attempt at an analysis

[William Collins]

Ok, so this is my first analysis, so bear with me. If this should have been in the Starting forum, I apologize

Purchase price: $170,000

Gross rents: $2170 per month.

Principal + Interest: -$689. (20% down. 30 year fixed loan at 4.5%)

Expenses
Taxes: -$421
Insurance: -$125
PM (@10%): -$217
Vacancy (@8%): -$174
Repairs (@10%): -$217
Water: -$250
Total: -$1404

NOI: $2170- 1404 = $766

Cash Flow: $766- $689 = $77 per month

This is a class B neighborhood.

So my thoughts are if sale price was @ 160,000- this deal would be a definite yes- but as it stands it has very little wiggle room.