1st Ever House Hack - Yes or No?

[Jhonatan Ramirez]

View report

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

I'm under contract on a douplext in North Richland Hills in the DFW metroplex in Dallas. 

The house is in a hot neighborhood with new construction and is a 3/2 with a giant back yard!

Initially the house was a home run at $380k but with so many offers it ran up to $420k. It was still decent cash flow, about $275/month, but after the inspection we found out it would be about $15k to get it where it needs to be. 

Another "issue" is that its next to a passanger train track that passes by every 45min. Its not loud and you can hardly notice it inside but could deter potential tenants.

With that in mind the cash flow is significantly less. It still cash flows but not as much. 

Would this still be a good 1st deal to get the ball rolling or should I pull the plug and loose out on the $1,500 already invested?