Daily deal analysis is #2

[Ryan Burnham]

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I know it’s pending, I’m just practicing running numbers so I will better understand my market when I buy my next property next year
Purchase price $220,000 (everything is selling above list price)
Downpayment 20%
Cash needed 52k
Turnkey, no rehab or refinance
Buy and hold
22% set aside for capex, maintenance, and vacancy
10% set aside for property management
Comps will be in comments below
CoC 7.64% (11.33% if self managed)
Cash flow $330 ($490 if self managed)

I personally would purchase this if I my cash wasn’t tied up in a property I currently have under contract.

calculators, based on information input by the member who posted.