Your comps appear to be active listings not what has been sold.The margins are way to thin on this as the Holding costs will be a lot higher than 3k and closing costs probably more than 12k when you factor in taxes etc. throw in a 20% contingency on top of rehab and the deal is making very littleJust my 2 cents on how I would analyze it

They charge 9% monthly, but their annual fee structure is designed to incentivize them to keep tenants more than one year.

Byron W. 693 can get you a loan - there are many other factors as well.

I don't know much about that market but I have worst situation here in my neck of the woods, so I would say 8% cap with 11% COC is much better, but then you have to weigh in other factors and see if you can either increase the COC by lowering cost or increasing NOI thru some value add.

This ended up being harder than I originally expected due to a number of factors, but probably the biggest one was that I had built my business up so quickly and had completed so many properties before I ever filed my business' first tax return.

those numbers would be too close for my comfort. let's say your purchase price is $75k, closing costs of 6k, fix the roof for 5k factor another 5k in other repairs and holding cost while work is being done by the time you refinance for 110k and pay the refi closing costs of 5k you'll have made 14k on the deal, and that will be 6 months down the road.

.- Many units are designed to both heat and cool allowing for year-round comfort.I hope help you my comment, or to anyone.

Consider these:Knowing why it’s an abandoned project is a factor.

Factor in other expenses (repairs, taxes, insurances. 

I'm sure if you were to ask most investors at which point in the investment property lifecycle they break-even and truly start cash-flowing they either haven't figured that out or don't know how to calculate that number or what the true IRR on a property is going to be because they think once they close escrow with 20% down they are cash-flowing on day 1.When @Chris Seveney talks about the IRR for a long term buy-and-hold, I factor in a rehab at year 15 of a 30 year hold, whether it's due to wear and tear, or possible change in interior styles to remain competitive in the market.