Help with first Rental Purchase in Las Vegas

[Aren Kern]

Noob here. I am looking at my first rental property purchase in the Las Vegas area. I am looking at a class A, SFH. Can someone help me analyze this deal and if it makes sense, or am I being silly? I feel like its a bit tight, but the market in Vegas has been crazy.

Purchase price: $785k

Down Payment: $237k

Monthly PITI: $2961

CapEx: $75

I am looking to get 5k in rent monthly.

Thoughts?

[Thomas Geary]

Hi Aren,

If I were you, I would take Brandon Turner's advice and analyze at least 50 deals before you even considering making an offer on one. If you are not able to run your own numbers, you are gambling not investing. Taking action is great and all but you absolutely can not rely on others when it comes to this part specifically.

I know it is not the answer you were looking for but I hope it helps you in the long run.