"Risk" in investing relates to the range of possible returns.

Unless I could nail down the ARV to the very upper end of your range, I wouldn't consider this a very good deal.With a $425K purchase, $75K in rehab and likely at least $60K in fixed costs, you're all in for about $560K.

Date ranges selected were 3/3/2012-3/3/2014, and I tried all preset selections.

Account Closed I think you asked this same question on the Aussie site... you may want to ask the question in a different manner.Would experienced US investors recommend someone from AU investing in 30k or under properties in big mid west towns and then trust PM to handle them for them while they live 6k miles from the properties.The running costs.. bad tenants , deferred maintenance etc etc will no doubt cut your cash flow projections severely.In my humble opinion since you live half way around the world you should concentrate on a small multi family or a premier SFR in a much better location than you will get as opposed in buying very low end basically ghetto properties.James sells some nice stuff in the 50 to 60k range,, you would be safer in those price ranges...People that make it work in 30k and under houses live in the market and its a personal hands on type of investment...

But the problem is, homes in my price range are in bad areas and most of them are in pretty rough shape.

Mobile homes averaged in the mid $800 range.

If you are going natural gas for the furnace and range, then I would put in a gas water heater as well - either storage tank or in-line depending upon your budget.

What price ranges are you looking at down there?

The more I look at the numbers the more I realize the property wouldn't be viable unless I'm purchasing in the 180k range.

I've mainly been looking through Lumber Liquidators and BuildDirect and have found a lot of options in the $2.50 to $3.00 price range.