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Updated about 9 years ago on . Most recent reply

User Stats

11
Posts
1
Votes
Eric Turrentine
  • Powder Springs, GA
1
Votes |
11
Posts

Need Help on Deal Analysis

Eric Turrentine
  • Powder Springs, GA
Posted

I could use your input on a property

The house is a 3/2 1367 SF Singe family in Union City, GA

The owner is asking 60,000 my ARV is 86,200

The unit is in good condition and is currently rented for 750.00

I checked Rent O Meter and there are three properties on the same street
renting for 1000+

I was thinking of a counter offer of 37,500 applying a 2% rule on the
current rent

With a max offer of 50,000 applying the 2% rule on potential rent based on
the rental comps

My question to the group would be is my logic sound on the counter?

Would this deal look good for a wholesale or bird dog fee?

I currently would not have the resources or experience to take this deal
myself

Any input would be great

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