Help me analyze this deal

[Ari Hadar]

https://dealcheck.io/s/-MN4Ohc...

It seems like 12. 9%coc, 403 CF, area b-c, 1.3% rent/price but are the comps accurate? 

[Anthony Vargas]

Hi Ari! I am practicing running numbers and analyzing deals, so I hope you find some value in this! 

Looks like this could be a good deal if the numbers are right! What exit strategy do you have with this property? Based on the 0$ rehab cost, im assuming its a turn key rental or primary residence that you could house hack.With the loan payment being as low as $330. House hacking might be a good idea if you haven't thought about it. 

If you're looking at this as a rental investment, i would double check the expenses for the property. The house being built in 1918, 2020 makes it over a 100 years old. I would increase the amount set aside for maintenance and CapEx. You have less than 1% of your PP budgeted for something going wrong, on a 100 year old house.

As far as the comps, the house looks very dated and looks like it could use a full cosmetic and probably some structural rehab. If you haven't already, I would reach out to a contractor and have them give a bid/assessment of the property and its condition. If its in a good area, the rehab might be worth it. But if not I would not purchase at 90K. 

Im not sure what market and what prices look like around your area, but you might want to consider other exit routes. I like a wholesale or whole-tail on this, otherwise I would consider a rehab and then exit using a BRRRR. or flip.

Let me know if I missed anything or failed to see something in the report.