Below is a screenshot of the model results but see below for a break out of the assumptions:Purchase price = List price (room for negotiation)Closing Costs = Estimate from lenderDown Payment = requirement from lender @ 25%Interest rate = rate offered on a two unit rental from lender Total rents/Month = current rents in place (room to raise based on market) Property taxes, Insurance, Water/Sewer, Trash removal = all reflect actual amounts paid by current ownerVacancy rate = 10% of gross rent  Cap Ex = 5% of gross rentMaintenance & Repairs = 5% of gross rentMonthly free cash flow = $155Total ROI = 7.14%My question is simple, do you think this is a good deal?

Below is a screenshot of the model results but see below for a break out of the assumptions:Purchase price = List price (room for negotiation)Closing Costs = Estimate from lenderDown Payment = requirement from lender @ 25%Interest rate = rate offered on a two unit rental from lender Total rents/Month = current rents in place (room to raise based on market) Property taxes, Insurance, Water/Sewer, Trash removal = all reflect actual amounts paid by current ownerVacancy rate = 10% of gross rent Cap Ex = 5% of gross rentMaintenance & Repairs = 5% of gross rentMonthly free cash flow = $155Total ROI = 7.14%My question is simple, do you think this is a good deal?

The property will cash flow around $125/month after I move out (conservative estimate)Option B: Conventional Loan with 20% down ($36,000).

Typically you want to look at income once you have an estimate of what a monthly payment would be.

Look at your loan estimate and see what the difference would be by not buying the rate down and how long it will take to realize a gain by buying it down and then make a decision about which way would be better.  

Current rents per month: N/AFair market rents per month: $1,400 for long-term rental and $2,100 average/monthly for short-term rental (conservative estimate)Down payment or equity: Would prefer minimum down payment possible.  

My meetings were running too long The problem with not being able to properly estimate rental comps is that your offer might either be too aggressive or too conservative which will either get you a bad deal or cheat you out of a great deal.

I have many years of experience in all aspects of construction from bidding and estimating through warranty.

I have many years of experience in all aspects of construction from bidding and estimating through warranty.

What I love about the platform is it's highly customizable, so you can run "quick & dirty" analysis or you can drill down and get as specific & detailed as you want with each line item in the estimate.