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Updated over 4 years ago on .

User Stats

44
Posts
4
Votes
Bryan M.
  • Rental Property Investor
  • Roanoke, VA
4
Votes |
44
Posts

[Calc Review] Help me analyze this deal

Bryan M.
  • Rental Property Investor
  • Roanoke, VA
Posted

View report

Hey guys. I have an opportunity to purchase this property that is currently starting a new 2 year lease with a community nonprofit. They have leased this property for the past 6 years. A couple things about the numbers. 

- My bank allows me to borrow 100% of the purchase and roll in closing costs and fees. I do not need to layout any cash.

- I have set the vacancy rate at 0% because there is a very small chance this property will be vacated in the future. This organization is actively searching for more properties in the area. There is plenty of need. 

- Management is 0% because I will manage.

- Current owner is a personal friend and has had zero issues with late rent or tenant issues for as long as he's owned it. 

This is my first time using the calculator to make a buying decision so I wanted to see what you guys thought on my results.

Thanks!

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