[Calc Review] Help me analyze this deal

[Della Beaver]

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

The property is selling for $325,000 and the appraised value is $325,000 so obviously I would not offer $325,000.  I was thinking more along the lines of $250,000-$275,000.

The property is an apartment with 2 three bedroom apartments with a store front that is rented for the next 2 years.  The average market place rent is $1495.

I estimated the rehab at $25,000.  The property is in relatively good condition,however, it has knob & tube electrical which will need to be replaced as well as cosmetic changes.

What do you think?