What I mean by that is the land and the buildings in their existing condition are worth much more than $300k.The $700k I previously mentioned chalks out to a pretty accurate number in my opinion and $5000 per door in repairs is a decent number unless you have some major exterior issues like roofs, foundations, plumbing, AC, electrical, etc.

For a more accurate number, I strongly recommend finding a real estate pro (real estate agent, appraiser) who can look at the property and do comps for you.

If all your #'s are accurate as to rents, vacncy, appraised value etc.

You need to be a little more accurate on your rents.

You may discover that what initially appears to be a problem can actually be an opportunity to profit.As for rents....the previous posts are accurate.

I don't know if that accurate?

If you're looking to flip this house, the analysis is easy:Sale Price: $750KPurchase Price: $450KRehab Costs: Under $30K (given your description of the rehab)Fixed Costs: Probably around $10-30K (let's assume worst-case of $30K)So, your profit potential is:Profit = Sale Price - Purchase Price - Rehab Costs - Fixed Costs= $750K - $450K - $30K - $30K= $240KSo, if your numbers are accurate, your potential profit on this deal is $240K.Of course, that assumes your numbers are correct.

It's always a gamble to me and I would definitely negotiate with the seller and get the price way down.

id=201104aprnewsletter.pdfpage 4Failure to Perform an Accurate Appraisal Report and Select Suitable Comparable Sales''''''' In Case No. xxx-xxxxxxxm .......Comparable Sale No. 3 is located over 1 mile from subject and no support or explanation is provided as to why other equally similar comparable sales in closer proximity to the subject were not selected.

This is the most accurate calculation of return in my opinion because it considers the time value of money down to the day.